Tara Miles
Conventional Cash out Refi for MFRs??
We have 5 Duplexes that we’re looking to cash out refi. Have some quotes going the DSCR route however fees and rates seem on the higher end, we have 790 credit score, good W2 jobs so documentation is not a problem and...
David Lewis
Term vs Whole Life Insurance (detailed tabular values and more)
Do you want to know more about whole life insurance, and how it compares to other investment/savings strategies? Want to see if whole life insurance makes sense IN ADDITION to real estate investing? Have questions abo...
Account Closed
Beginning Developer
Over the years, I have purchased SFR property on large lots. These deals have always cash flowed well, but these purchases were also made with the idea of further developing the properties.
One property can easily b...
Ryan H.
Property Management Agreement
Hello, I'm reviewing a property management agreement (I would be the landlord) with the following terms:- Management fee is 10% of rent- Charge of 15% of rent with each new tenancy.- Landlord to pay property managemen...
Tamas Z.
How to determine cost basis (for depreciation)
Hello,I have a newly-purchased residential rental property, and I'm just now setting up my financial tracking for it.What's the correct number to use as the original cost basis, for depreciation purposes? I'll be spli...
Louise Dowd
LEGITIMATE REASONS FOR TURNING DOWN A TENANT
Is excessive, visible tattooing on a prospective tenant a legitimate reason to turn him down? His appearance and mannerisms frighten me. What about a recent DUI? Would appreciate any input. Need help quick.
Beth Johnson
A few reminders for DIY private money lenders
Consider private money lending and/or note investing for a passive income source? You're in good company. It's a lucrative alternative investment if done right, offering strong interest returns without the headaches o...
Aaron Lawson
Insurance Costs for Multi-Family - How to predict costs
Hi all,How do you 'ballpark' evaluate your insurance costs on multifamily to determine if you are getting a decent market price? Is it simply looking at the ratio of insured value-to-annual premium? Is there any sq ft...
Marco Aceves
HELOC Shopping - Credit Impact
What I mean by the title:
When shopping around for a mortgage , there’s that 14 day window where you can apply as much and as many places as you want with only 1 hit to credit score. Is this the same for HELOCS or do...
CJ S.
Success or failure with UniteCT payments or Small Claims Court ?
Over the last 9+ months, we have been trying to evict a non-paying tenant in a property in Meriden, CT. This wasn't due to any COVID-related circumstance. This was a lapse of time situation and a tenant who decided no...