Jeff Kelly
Delayed financing, then cash out refi soon after?
Let's say someone pays cash for a property and then gets delayed financing for 70% or 75% of the purchase price soon after purchasing. My question is whether that person could then get a conventional refinance at some...
Kim Lisa Taylor
Embezzlement Due to Financial Stress During Coronavirus
Don’t let your syndicate become a victim of embezzlement due to economic hardship during the coronavirus pandemic.You need pay careful attention to money in your syndicate and the people with access to it. When people...
Anthony Freeman
Repair and Maintenance budget
What percentage of monthly income do you budget for repairs? (Small multi unit family)
Alice Chau
Does anyone have any experience on sloping floor in foundation?
Hello,
I have put down an offer on a duplex in the Bay Area and did an inspection on the foundation and found that the floor was sloping due to the soil in the area. The inspector said that the fix or re-leveling wo...
Nick Paul
Landscaping - 6 Unit Multi-family
I own a 6-unit multi-family property in West Texas and am looking to make some changes with the landscaping. The property does not have a sprinkler system, nor do I want to invest the money into one. Water in West Tex...
Christopher Abele
(Occupied) Property Inspections
We perform a quarterly property inspection currently during which we change air filters, check smoke / CO2 detectors and look for signs of water issues (toilets aren't running, nothing under sinks.)I'm still learning ...
Jay P.
Tenant paying partial rent and other questions.
Hi All,State of ILMy tenant paid just over half of the rent for the month of Feb. He has come out with various excuses about how he had mold testing done in the home etc (all bogus claims of mold) and that is why he d...
N/A N/A
A Sound Investment....and I'm jumping on Board!
I found a guy (investor/builder) who will do the following:
You pick any deals that you want to invest in. As many as your credit will allow. He would get them ALL rented out for you, but you may choose when to sell...
Corey Dutton
Low Down Payment Requirements of FHA Loans Triggers Criticism
With only a 3.5% down payment and a 580 minimum credit score requirement,many critics believe FHA loans are encouraging another crisis. In the U.K. and in Germany for example, home ownership is only for those who can ...
Troy Forney
vacancies and reserves
So I have heard of the 50% rule and also 40%. I am currently working on my 3rd SF in less than a year and am closing on a 4th in a couple weeks. I have so far completely rehabbed all properties. I don't want a pro...