Phil NA
Need your advice on damaged rental property
Hi,The timber frames and carpet around the bathroom entrance are damaged caused by the leakage from the showers. Since the shower booth has no door on it and literally is right next to the entrance, residual water alo...
Tom Cramblit
FHA 20% Equity Refinance
Looking for some clarity to refinancing to eliminate the PMI on my FHA loan. I've talked to bankers and they have told me that once I have 20% equity I can refinance and the PMI payment will be done. My main question ...
Martin Min
How to understand cash flow?
When talking about cash flow, I feel it is directly impacted by the down payment amount when purchasing the property.With a minimal down payment, the cash flow will be minimal, or even negative; on the other hand, wit...
Jimmy Lynn
Budgeting for Your Property Rehab: Tips and Tricks for Keeping Costs Under Control
We get asked this question a lot. Here are some things to consider. Define Your Budget: Determine your overall budget for the project. Consider factors such as the scope of work, materials, labor, permits, and contin...
Gabriel L.
Househack Cash in Cash Return
I am planning on buying my first 4 unit multifamily property with the intention on "househacking". My question would be, what would be a good Cash on Cash Return?
My main priorities would be to have positive cash flo...
Matt Maluchnik
Anyone see a problem with this deal?
Triplex - Based on cashflows I can get an 8% COC Return using a conventional mortgage and offer $109,000. (Seller wanted $170's...but she really wasn't sure what it was worth...and she even mentioned she would be int...
Justin Callaway
Creative Owner-Financing Question
I haven't been here in a long time. Also if this is in the wrong place, please move it.
I had a thought about creative financing. With Owner-Financing, how do you think it would work with downpayments? Most require d...
Account Closed
Front-End DTI Ratio Questions
Hello all,I'm planning on making my first home purchase soon (within the next 30-60 days if all goes well).I am planning on house-hacking - I have some friends willing to live in with me at the house I buy and they ar...
Russell Lauck
Str tiny home village on a regenerative farm with event center and co-op farm shop
Looking for suggestions on finding investors to approach with an investor proposal?The plan is to buy land in MN within 90 miles of the Twin Cities to start a large organic, self sustainable, regenerative, no till far...
Pat Bruton
Should I title in an LLC?
I am buying a house in a month and a half and am going to rent it out after about 6-9months of living in it. I plan on forming an LLC for the rental but want to know if it is necessary to transfer title to the LLC or ...