Joshua Duvall
Looking for a Gift of Equity Expert
Hey everyone. I have the opportunity to buy my family home in the next few months, and would like advice on how a gift of equity works. I have done some research on the topic, so I do know the qualifications and will ...
Robert Madison
Fannie mae restricting investors
Was in the process of purchasing a investment property and the residential bank notified us of the new policys that were put out last Friday restricting residential loans from 3.2% to 7% for investors.
anyone kno...
Alejandro F.
BRRRR Finance Options During This Pandemic
I am currently looking to invest in properties in the Tampa Bay area (Florida). My primary strategy is to BRRRR these homes and pull back out as much capital as possible from the deal. I plan to purchase cash, rehab a...
Kyle Nigro
Updates on rules for a cash out refi
Hi all,I just had an accepted offer on my second BRRRR in STL. I’ve been hearing rumors that many banks will not give out cash out refi’s at six months? Is there any truth to this?Thanks,Kyle
Cynthia Ferris
First Deal Questions
I am looking at my first property in the Dallas market. The property basics are:
Purchase $70k
Rental Comps $1000 - $1200
Sale Comps: $100 - $130k
Repairs appear to be cosmetic in nature but house...
Rousner E.
Water shut off valve
I was attempting to shut off my water valve from underneath the sink in the bathroom, however I learned that the shut off valves no longer work. I had to turn off the water at the meter outside. So I went to lowes to ...
Jay Garrison
determining utility usage for a tenant
Hello,I have a tenant who still hasn't put the electricity in her name, and waited two weeks after she moved in to put the gas in her name. It was a rookie mistake that I allowed her to move in while the utilities wer...
Peter Szilagyi
HELOC or Home Equity Loan
Currently have about $200k-$300k of equity that I am looking to tap into, but not sure if I should go HELOC or Home Equity Loan (5% for 20 years fixed). I don't have a property ready to go, but would use about 25% to...
Sam Leon
Fine line between wear/tear and abuse?
How do you draw the line between wear and tear vs just excessive force & abuse?Example, if within a two month period you had the microwave oven door handle broken off, refrigerator door handle broken off, the exte...
Brett Danehey
First property in the portfolio
Investment Info:
Single-family residence buy & hold investment in Wichita.
Purchase price: $89,900
Cash invested: $26,000
4/1 SFH in SW Wichita.
What made you interested in investing in...