Lindsey Iskierka
FHA Loan on a 4-plex?
Hi everyone!
Could an FHA loan with 3.5% down be used to purchase a 4-plex?
My husband and I found a property that would cash flow and we're trying to figure out our financing.
Any tips or advice is greatly apprec...
Michael Dusold
How do developers fund new construction?
What is the process that a developer goes through to fund a large new construction project?
Erik Orozco
Using rent and security deposit as down payment
Hi, newbie investor here looking to purchase my 1st property. I'm focusing on small multi unit properties I can "house hack" to get started. My question is if I'm purchasing said property with existing tenants can I u...
Anthony Butcher
Financing with no money in reserve
Hi,I am trying to get my first investment property, and a couple of banks I spoke to are asking to see 6-12 months of reserves in my bank account to cover the mortgage.I am working on saving money towards a deposit, b...
Dave Bal
Payment Dispute Scam - Apartments.com
Notice to all Landlords using or considering Apartments.com (previously Cozy):I received notice today that one of my previous tenants (who moved out 6 months ago with an unpaid balance of over $8K) disputed a payment ...
Viktor Singh
Why business account for rentals ?
Hello, I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business...
Rachel Leonard
Buying a house to rent to my in-laws
My in-laws are moving to the US from another country. They would rather not go through the paperwork hassle of purchasing another house here themselves; they would prefer that my husband and I purchase a house in our...
Berna Geylani
Non-profit funds, no clear path - feeling lost
Dear Investor Community,I'm reaching out in a moment of vulnerability. Following advice, I put $130K into a charity fund to start a 501(c)(3) non-profit. The goal was to buy property in California to help underprivile...
Susan K.
Using Western Union for a wire transfer
Has anyone used Western Union for a wire transfer for a closing? I normally would not use them but my HELOC is at a bank that does not have a branch in my state and I would have to go to a branch in person to initiat...
Derek Carroll
Hard money loan to value
I have a hard money lender offering 70% of current value, not ARV. Is this similar to terms that others are hearing?
I'm hoping to use hard money for both the purchase and renovation. These terms don't seem to leave ...