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Hey everyone, I’m having difficulties understanding the lending side. I’m trying to house hack and would love to purchase 1 a year to grow. I found a property and closed on it. I plan to fixed it up while staying th...
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What ratio's do you LL's use to qualify a section 8 applicant? I have a prospective tenant with a voucher for $1,575 (the rent amount) and an SSDI income of $908/yr. This person also receives food stamps in an unkno...
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It seems to be an interesting proposition as you can leverage your net worth to gain equity into a deal, but of course there is downside risk if the deal goes belly up, requires additional capital, or if the loan turn...
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In the United States, when credits are applied to a purchase price the agreement becomes a financing contract and these contracts have been identified as predatory lending arrangements under the Dodd-Frank Act. Under ...
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This is not intended to be a rant of the complaining sorts. However, from the this post I hope that someone may gain some value out of my situation. Short story long....In the process of completing the process to get ...
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I have my current tenant moving out at the end of this month and have scheduled a showing this weekend. I let my current tenant know a few days in advance.My current tenant is saying that it's not a good idea to show...
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Pretend you’re looking to buy a property in Florida (or wherever the market works similarly enough for this question to make sense) and your budget is $1.5mm. Would you:
Option 1. Not use a buyer’s agent at all, just...
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So how exactly do you vet Private Money Lenders when “Private” is their First name?? Let’s be clear, I’m not talking about Hard Money Lenders who are somewhat regulated by your state or local real estate boards. Inste...
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I am slightly frustrated when I see 6 or 8 adds of For Rent and not a single one has the rent price. When I do rent I always list my price to weed out those who cannot afford it. I list damage deposit, pet or no ...
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Does anyone know if it’s possible to work with more than one realtor in the same market? I am based in Charlotte NC and wasn’t sure if there were any restrictions around this.