Chris Lawlor
Seller Financing 101??? Help
Hi FolksWould appreciate your help and advice. We are looking into engaging with a seller that is know to the family. We would like to suggest a seller financing situation to them. The property is one side of a duplex...
Blaine Baker
Difference between "double-closing" and "assigning"
Hi, i was going through some old forums and someone in the comments said...... "As far as actually closing on the property, since you're dealing directly with the seller you can either assign the contract, or use a tr...
Eric Knapp
Understanding DTI requirements
It is my understanding that to qualify for a conventional mortgage, banks generally have a 28/36 DTI limit, where front-end value of 28% is based on PITI, and back-end value of 36% based on total revolving debt.
Firs...
Franky Davis
How to make the decision to hire a personal assistant!!!
Hello everyone! I hope you all are doing well. It’s been a while since I posted. However, I’m sort of at a standstill in my real estate career. I’m a full time orthopedic surgeon at this time. Over the past two years ...
Allan Kyariga
Is this a fair deal?
Hey guys so basically I’ve locked down my first piece of property and it is a home run deal. It’s a new construction project of 8 homes I got at an auction in Saint Paul, Minnesota. An extremely experienced developer ...
Robert Wilson
Cold Calling general Q&A
Hey guys! I've been cold calling ever since I got into wholesaling, and I've been pretty satisfied with the leads and deals I've been able to create through this marketing channel. Does anyone else here cold call? If ...
Ernesto Hernandez
2 Questions about DTI. Rental Income. Threshold for future.
Hey everyone, I have a couple of questions as it relates to DTI. FIrst, I personally rent about 2 hours away from a property my mom lives in and pays the mortgage payment on though I don’t technically claim it as a re...
Rick Martin
You Can 1031 Exchange into an Apartment Syndication
The 1031 exchange has been a powerful vehicle for real estate investors to defer capital gains taxes. It has always seemed like the way to go, but I had this opportunity back in 2015, and even then, the time restricti...
Samantha Skrypek
Tenants Property Damage
Wondering what I should do/ what I should instruct my tenant to do. I have this covered parking spot attached to the garage and the back end collapsed and fell on the tenants truck. My insurance says they will not cov...
Robert Hastings
300k mortgage hopefully...
my wife and i are planning our next home. we purchased our first home for 215k about 5 years ago. we put down 20% and we have a mortgage balance now of 159k. our rate was 4.2 five years ago. we have a child now...