Manuel Savorelli
Where to park cash until needed?
I'm looking for a strategy where I can keep seasoned funds until I need them for a purchase. It should be liquid enough that i can access in relatively short time. TIA
Sam Smith
Low over on an overpriced home
I want to make an offer on a home that has been on the market for a year. The home in my opinion is overpriced. Homes in my area usually sell in weeks. originally listed at 299,000 and now a year later is 254,000. How...
Jimmy Lieu
Where should I get pre-approved?
I want to get started with my real estate journey and get pre-approved for a loan. Should I use a mortgage broker locally or do it online? How did you find yours? How do I get the best rates?I only have 1 year of tax ...
Simon Obas
Get a new agent or not?
Hello I have a home on the market for 30 days with 0 offers. I did a $39k price reduction and still nothing. I’ve had 10 showings. Is it time to find a new agent? Fyi The current agent is not from the town nor lives i...
Wilson Vanhook
Best way to get new STR homeowner clients?
We started out as self managers, and quickly fell in love with the STR industry. So we started our own STR property management business last year. Our success has been fantastic is such a short period of time. We’ve g...
Donovan R.
First Lender won't approve 2nd's payoff
I have a Wells Fargo shortsale that will make a great rehab. I have a good BPO price and was on my way to getting it approved. However Citi Financial who has a small second will not accept a 10% payoff for short sal...
Shiva Bhaskar
Is this accurate (from a conversation with a Cleveland broker)?
This week, I spoke with a multifamily broker in Cleveland, whom I found on Loopnet. I'm new to this market (based in Los Angeles, where I mainly invest today), and trying to build a team of capable folks in CLE. He in...
Clifton Young
How to start a Rental Property Portfolio Biz
I want to build a rental property portfolio. I’ve heard several investor say “It’s best to do an LLC for rental properties”. I do agree with that statement, but how do you obtain a conventional loan under an LLC? I w...
Erwin Groenendijk
Ups & downs of transforming a shop into residential
Investment Info:
Single-family residence fix & flip investment in Valencia.
Purchase price: $70,000
Cash invested: $50,000
Contributors:
Adrià Creixell
A former local butcher shop...
Matt M Antonio
1-year self-employed trying to find a second house hack
Any savvy RE-friendly Lenders in my area (Eastern Washington)? Need to pick your brain. I have just passed my first year as a self-employed and looking to get my second property. However, I cannot go with the traditio...