Hello, has any used a debt service coverage ratio loan? Makes sense to me to get the loan based on the value of the deal. Plus, since I don't currently have a full time job, getting qualified for a loan isn't going to...
Hello,I am starting in real estate and the market around here is very lucrative for vacation rentals.I was thinking buying a large house (~3000sqft), split it in a way to leave a granny flat for me (~600sqft), and ren...
Hey, gang,I enjoyed networking with everyone at the Meetup last night. High five to Jered Sturm and Steve O'Brien for a great event.As followup, I would appreciate contacts for great property managers and home inspec...
Hello,I have invested before but Los Angeles is new to us. Somehow on our first trip we found ourselves a "highly motivated" Seller and a gorgeous SFR house in Studio City. Before I knew it, we were in contract. We h...
Hi BP,I'm in the process reviewing applications for a SFH and uncertain about the following: Can a married couple that shows more income on the application be considered "more favorable" to me than a singe person tha...
As some of you know, I have been investing in Land and Tax liens for a LONG time. I have been fortunate enough to travel to many places, and during that time I have found a place that I want to build a small vacati...
Hi, a lot (most) areas that I am interested in renting out for short term rentals have strict laws that go with the short term rentals. Does anyone have any tips or tricks to get your short term rental up and running ...
I've got my primary home and cars insured with one company (carrier #1) but their quotes for my rental were twice as much as anyone else. I received a reasonable quote from a second carrier (#2) just for the rental a...
Investment Info:
Single-family residence buy & hold investment in Oklahoma City.
Purchase price: $242,000
Cash invested: $13,000
Purchased the house to live in it initially and try Airbnb. The ho...
Hello everyone. I own my home almost free and clear. It's worth $260,000. I'm shopping for a cash out refi for 30 years at 4.5%. (I'm hoping to get a better rate). The loan would be an 80% LTV for $208,000. Closing c...