I was told by my mortgage broker that in order for a property to qualify for an FHA loan, 85% of the gross market rent for all units in a 2/3/4-plex must be more than the PITI, otherwise they won't approve the loan. ...
You’ve invested in your first or most recent piece of real estate - congratulations! After the stabilization period that comes with the transfer of ownership of real estate, and starting to execute your business plan,...
Hi, Looking at some NB in the 33993 area. SFH. Has anyone worked with Zach Lemaster and his guys in this area? Just looking for a couple of references as well as some of the FL specific gotchas - besides the alligato...
Hello,
I am from California, a newbie, looking for out of state opportunities as a first investment. I have been looking at Memphis Investment Properties (turnkey) and wondering if anyone has experience or feedback ...
Hi all,I'm hoping the title is catchy enough: I'm looking for median home price to rent ratio by county to find markets that meet the 1% rule. Any pointers where I can find that?Kathy
Happy New Year!
I am from Houston Metro and have been investing in out of state (OOS, or remote) for about 9 years. I own rental properties in five US states (UT, ID, CA, FL, TX). I started investing in 2012 and inv...
Hey BP, I have a 3 unit property in Logan Square, Chicago. I have a PM management company that takes care of it, and in the past 5 years, didn't pay much attention to the numbers. As I started scrutinizing the numbers...
Finally decided to do my first direct mail campaign because I can't find any good deals on the MLS. Seems like any time there is a half way decent deal, something I would still try to get knocked down a good 15%, it h...
After several less-than-stellar experiences with OOS investing, I've decided to try to invest close to home in Austin. LTR cashflow in today's market and interest rates is extremely difficult so I am looking at MTR wh...