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...
Patrick Connell
Warning Texas Brokers and Agents - Realtors
All:
So, I was at a CMA class today at my local Board and I was directed to a piece of the TREC Rules that would apply to ALL licensed Brokers and Salespersons who do any kind of investing.
Per TREC, wh...
Arnaud D.
Feedback on an international deal
Hello Everyone,I have a proposal from a very good friend in Europe for a real estate deal. I'd love to hear your thoughts and feedback. There is a lot of 2 apartments available for purchase. Appraisal: One at 320k and...
Dan Marro
Financing First Small Multi Deal
All, I asked a banker the other day what terms I could get on a hypothetical 8 unit deal, ~500,000 purchase price w/ 25% down. He said I would be in the 5.25%, 5 year term range and the loan would be conforming. This ...
Jef A.
Hard Money and Credit
I understand a hard money lender may want to review my credit history and score before lending money. However will the loan be associated with my personal credit profile or will the loan be strictly based on the house...
Rhys Williams
Strategies for Getting Loan for BRRRR when you have investors
What are some of the best strategies to getting loans utilizing the BRRRR strategy when you have multiple investors ? Most banks require multiple tax returns, bank statements, personal financial statements, and credit...
Brendan Chase
What interest rate should I pay on a 30year commercial mortgage?
Looking to get my second multi unit - currently have a duplex and looking at a triplex. Banks only offer commercial/investment loans for a second property, and it looks like there’s nothing under 5-6%. Seems pretty h...
Matt Hawks
Investment property buying & funding
Hi all, Im looking for some guidance, I'm ready to start thinking about buying multi families and/or multi-unit industrial space properties ideally. I am self employed so every year is different with income but never ...
Takiyah Riley
Using personal line of credit for down payment on rental property
Hey everyone, So this what I did..I have access to 60K in personal LOC. Instead of using my own capital (16K) I used 30k of my personal LOC for the down payment on a duplex. The all in cost is 85K with an ARV of 125-1...
Don Konipol
Five Simple Rules I’ve Learned for Passive Real Estate Investing
FIVE SIMPLE RULES FOR CUTTING RISK WHEN PASSIVE INVESTING
Never place more than 10% of your capital in any single investment
Never place more than 25% of your capital with any one sponsor
Never invest in...