Hey all,First time poster and home buyer here. I've recently gone into escrow on a 3 bedroom 2 bathroom condo that I'm hoping to rent out a room or two to help out with mortgage payments. My only issue here is that I ...
Hi All,I was wondering what the typical spread is between interest rates for a conventional 30 yr loan for a primary residence vs. a rental property? My lender quoted me at 5.375% for rental property loan with 20% do...
As a landlord myself (albeit not of many properties and none of them STR) I am curious what you would all do to handle this situation if you or a loved one were in it:My sister is a traveling surgical tech on a contra...
I have been speaking with several lenders and each seems to have a different opinion. My goal is to access the equity I have in my private residence to add to my cash reserves in order to use this money to invest. Sel...
Dear Lenders, I am looking to run my real estate business under an LLC, am I able to finance my 1st deal through my name, and supply the title, etc. through my LLC? This way I can utilize lower rates (aiming for the B...
Hi All,My girlfriend and I just bought our first duplex and are about to rent out a unit (we are house-hacking). Our realtor pre-screened a bunch of applicants, and she finally sent one to us that met the criteria. I...
We just rehabbed a foreclosed SFH and listed it for lease or lease/purchase. I got a call from a group that places mentally challenged girls with a caretaker. They have a house 30 miles out of town with 3 girls whic...
Just digging for some suggestions here.
I own a 1/1 condo in Austin. On Sept 9th, the tenant at my rental unit informs me that the unit is flooded. The tenant was out on business for some days. It is from ...
Or do you hand it to them as they leave?
Hi!My name is Danny, and I am extremely involved in the real estate industry. I work for a private equity multifamily company, I have my CO brokers license, and I am just over two months into my second house hack in t...