James Wierzba
Is an expensive market an exception to the cash flow rule?
The question: I would like to know if there is an acceptable exception to the "cash flow is king rule". I am in full agreement that a positive cash flow is a very important goal, due to the fact it insulates you from ...
Diane G.
Is the entire country still going up except the Bay Area
I have a close friend/c-worker who works remote in Idaho, and she came to the San Jose office today... And she told me how hot the local RE market is in Boise, with everything going up every day...
Well, for those of...
Ryan Bird
LLC with a majority interest an exception to due on sale?
I wanted to buy a property through a newly-formed LLC so was planning to take the commercial mortgage route. My mortgage broker told me that a conventional loan is another option as due on sale is no more an issue as ...
Deshawn Maull
New owner section 8 tenant rent increase exceptions for over 10%?
Hi I’m a new owner of a duplex in California for over a year. I inherited a section 8 tenant (by choice) who was on a month to month lease playing below fmv. I immediately gave her 60 day notice of rent increase, to f...
Ani Nambula
No deals for small apartments except low income or small town
Hello folks,Reading blogs on this forum is better than any books I can read. I am getting addicted. I have a question for you today.For last six months, I have been looking for small apartment deals (20 to 50 units) i...
Kenny Simpson
12 months seasoning for CASHOUT 1 to 4 unit refinances, EXCEPT?
Fannie and Freddie are NOW going to require for 12 month seasoning to do a cash out refinance for even owner occupied properties starting in early 2023. I would NOT be shocked if other portfolio or NON-QM options fol...
Georgee Gilbert
What's the lowest credit score you should except for a rental?
Is a minimum 650 credit score too much to ask for a rental? The property is renting for $1050 in a working class neighborhood.
Celine S.
Security deposit in WA and new RCW updated law "exception" question
Hello everyone, I'm in a bit of a pickle... I have been renting my townhome up in Issaquah, WA for the last 10 years with no issues. This last year, I rented it to a family with a section 8 voucher. Let's just say it ...
Eric Cucullu
HUD took my bid and excepted it and now they wont
hello everyone...hopefully i can get some help.
i am trying to buy a hud house. i put my offer in and they countered saying that they needed 500 more bucks to reach there minimum bid. so i did that and i thought the ...
Chris Nowlin
I trust my contractor to do everything...except answer his phone
I'm still new to the business and looking to expand my list of contractors, but in the mean time I have been using a guy I went to high school with. I don't have any complaints about his finished product, but his comm...