Paul Spangler
Can someone confirm the 85% gross rent rule for FHA loans?
I was told by my mortgage broker that in order for a property to qualify for an FHA loan, 85% of the gross market rent for all units in a 2/3/4-plex must be more than the PITI, otherwise they won't approve the loan. ...
Paul McCormack
Gurus that require profit sharing - Unethical or par for the course?
I recently evaluated a mentor agreement with a nationally recognized expert in SFH investing. Let me state upfront that mentoring and expensive courses are not something that I believe actually work, yet this program ...
Account Closed
Turnkey properties, what happens after the first year?
I'll try to not be generic and over-generalize, but I keep seeing websites and offers for investing into turnkey managed properties who rent out the properties, where during the first year you're promised 10% to 15% R...
Cameron Price
Should I buy a primary home at all?
My current situation:Stay at a friends property in an Accessory Dwelling Unit.Rent free.No primary residence SingleLow personal monthly bills.My question is, from strictly a financial perspective, would it make more s...
Mary Young
Holding Interest Deposit still non-refundable if tenant refuse to sign lease?
Accepted an applicant and received a non-refundable Holding Interest Deposit for my rental. I asked if he would consider a two years lease and he said he would after he inspect the maintenance repairs. He did an inter...
James Wise
Failed Leadership is why California is on fire.
California is on fire and they don't have enough water to stop it.
California is the richest state in the USA.
California has 3,427 miles of Coastline.
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Make it make sense.
Rich Weese
I still like new const over rehabbing
I've previously posted results of homes built recently compared to rehabbing. Due to our area BOOMING with new buyers, my most recent closing is what I consider a home run. From first shovel to receiving escrow closin...
Brian Garrett
Quick BRRRR strategy question
Obviously the "refinance" part of the BRRRR strategy is a crucial one.When you are analyzing a deal that you plan to BRRRR how do you determine what the numbers will look like after you refinance to ensure the prope...
Chris Sukala
Refi quicker then 6 months.
So what quick mortgage spreadsheet do people use to write one from their company to themselves?
I have heard that your company can write a mortgage to you, then you have the cash to buy a property. The turn around ti...
Alex Gershbeyn
The term "crowdfunding" hijacked
As I read posts, comments, reviews, etc about crowdfunding, I am increasingly coming to a swift realization. And it is that most people have hijacked the term "crowdfunding" and use it almost synonymously to mean "inv...