Kelley B.
Found another reason folks don't like condos
Two days before closing my lender advises that neither FNMA nor FMMC would buy my loan. Only financing 70% of appraised value. 81 of the 86 units are non owner-occupied so they didn't want it. Non-warrantable.Of cours...
Gp G.
listing of the rental not in fmls no responses
My rental still does not have many responses as listed by my current Property management company . Only 7 contacts no applicants in last 15 days. I reduced rent by 100 $ last week as well from zillow Zestimate rentI s...
Ernesto Hernandez
David Greene: Long Distance REI Book Notes
Disclaimer, not edited. May be riddled with typos. After all of the other books that i’ve read, this is a great way to cap my months of reading and makes me feel like I have enough “research” to move forward. Enjoy. L...
Mark Parzych
Houston Flip - Regular Updates from Start to Finish
I am closing on my 5th house, which is my 7th deal, on October 17th and my plan is to renovation and sell it. I'm buying it from another investor who started writing about it in his BP blog but I won't share those det...
Chris Gilliam
Rent Collection Question
Hey All,
So we just bought our 2nd rental property. On my first one i drive by and collect the rent every month. However now that we are adding another one, and soon a 3rd. I don't want to make a habit of this for ...
BA R.
Have I lost my mind or does this make sense to anyone else?
I have been procrastinating on writing my business plan. I have a "good" excuse. I wanted to make up my mind once and for all what kind of entity I wanted to go with before I committed any thing to writing. After all...
Brody Veilleux
Managing multiple bank accounts and accounting for them
I have a savings and checking account for my llc, and each property, all under the same banking app. I also have a separate mortgage account for each property. When you add the accounting into all of this, it’s been q...
Katie Willcox
Pre-Screening - Are We Being Too Tough?
Hi Everyone!We took possession of our first rental on July 15th and we are self-managing it. We've prepared a pre-screening questionnaire with guidance from Heather & Brandon Turner's Managing Rental Properties b...
Waruna Yapa
Who has the best rates and how to shop for them?
My goal is to find competitive rates and fees. I've noticed that going to brokers usually leads to the same wholesalers so it's not as useful. The only other good lenders I've seen are credit unions and regional/local...
Dustin Wise
Orange County, California?
Anybody from Orange County or the surrounding areas out there? Looking for like minded people to network with. Especially wholesalers! Has anyone had good experiences with local REI groups? Look forward to hearing fro...