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Im hoping someone can give me some advise on this, I'm looking at buying a triplex and putting about 25% down and using a DSCR loan for the rest, has anyone that has used a DSCR loan have anything good or bad to say a...
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Hi All. I started investing in RE in 2008 because i needed a tax break because I was a single registered nurse and couldn't afford a house in my area on my own. I initially got suckered into buying the RE moguls class...
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I'm buying a property out of state. The current owner has no lease with the current tenants. He has done no background check, no credit check. He manages the property himself and collects rent in person. The tenants t...
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I got a call off of one of my craigslist ads from a guy who has recently been told he's transferring in 30 days so he is needing to do something with his house fast. He doesn't have enough equity to wholesale or reha...
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Hello! My fiance and I just purchased our first property and look forward to renting it out in the near future. I wanted to get some insight on a few things. 1. Is it unusual/excessive to require first, last and depos...
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Hello everyone, I was told you can hire a broker to list a property on the mls when having it under contract. I am wondering if there is a way to check if it’s allowed in other markets. I am in Los Angeles and I heard...
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I have a buyer who is willing to pay $400,000 for a property that I can purchase for $300,000. Before I execute the contract I want to make sur eI am doing this correctly as I know "flips" are pretty much impossible ...
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Hi,
I know what I'm asking is not legal, but it also doesn't stop the 30,000+ not legal apartments that currently provide a home for families in Queens, NYC that would otherwise not be able to afford to live there.
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Hello all-I'm saving for my first multifamily home and my Agent (who invests himself) advised me to house hack for at least my first property. I expressed some uncertainty with living in the property and he told me so...
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If I were to use my VA loan to get a multifamily (under 5 units), this whole idea of the one year stipulation keeps arising through other discussions. So my work around, option A. build rapport with a local bank and r...