Jim Smith
FNMA changes Reserve requirements on Investors
FNMA starting today will require reserves to be calculated differently than in the past. Previously they counted a certain number of months PITI for each property as reserves. Now they will use a percentage of the U...
Ericka Williams
Property 2 of 6 in Detroit bought this month.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $30,000
Cash invested: $4,000
Rental property with tenant already included, the tenant lease ends in november 2019....
Austin Stack
Holding up our Closings - The New Water Bill Legislation
Most, if not all, active investors have notice that there is a new step we have to take in order to close.We now have to wait 10 days and pay $10 to make sure there are no outstanding water bills on a property. Which ...
Russel McMillan
Greetings from Detroit!
Hello All, Just wanted to introduce myself and thank you for all the free knowledge!In terms of me, I'm going to be moving back to the Detroit area next January and am really interested in getting into some real estat...
Stacie Elizabeth
Advice real estate Columbus OH
Hello,I am looking for advice from local real estate agents or investors with market condition knowledge. I listed my first large flip a few weeks ago in Merion Village Columbus OH. Our real estate agent and her broke...
Chris Puckett
Funding for Buy & Holds
Question for my Buy & Hold com-padre's in the Charlotte area. What forms of funding do you use and recommend? I'm using First Citizens in Concord. I've found that small banks are becoming less and less investor...
Urvashi Vasishtha
What are the highlights for September Housing Market in 2022?
Haven't had the time to analyse October's data yet. So here are some helpful highlights from September's report:1) Homes are selling less quickly than in September 2021.2) The national home inventory of active listing...
Matthew Stephen Jones
Rahway New Jersey Multi Family Investment Potential
Hello all, Does anyone have experience investing in multi family properties in Rahway? Have you been able to achieve the 1% rule on rental income in these multi family properties? Is there a demand for multi family ...
Alex Price
Best market for 4 - 20 unit A - B class apartment buildings?
I've fix and flipped 1 - 3 unit homes but now I'm turning my attention towards 4 - 20 unit apartment buildings in good areas. Would like to know what are best cities for investing in apartment buildings and where good...
Christopher Lawrence
2% Rule Question
My questions is if the 2% rule applies to the initial purchase price or the price after rehab? I recently purchased my first property for $36k after closing costs etc. Rehab is roughly 15k. We are all in for 51k. Expe...