Mike McGee
State program for homeless teens as tenants?
We received an inquiry on one of our rental properties from an agent. He said he represented a non-profit organization who is partnered with the state to provide housing for homeless teens. The state would pay the ren...
Rich Schroeder
Looking at an 8 plex
Here's a bit of info, I haven't looked at this property yet. Hopefully I will be able to get in this weekend.
8 units (6 unit building, 1 duplex)
gross rents (based on my knowledge of the area): $4200/mo
asking price...
Christen G.
Refis: HELOCs vs. Cash Out?
Hi all,We're working on re-fing three small multi-families that we're holding that have higher rates and ~$300k in combined equity! In the COVID-19 financing climate locally, we're seeing higher interest rates for inv...
Bobby Rather
Re-Zoning into MFH
Has anyone ever had success getting an property re-zoned? If so please help!
Colin Ferek
Starting out!!
Hello! I have been researching investing in multi-family homes over the past year. I plan to house hack in Lakewood, Ohio. Shortly after the first purchase I would like to save more of my own capitol from my full time...
Carla Truss
Seller Refusing to Close
Due to unforeseen circumstances discovered by the lender, I as the buyer had to ask the sellers to extend our closing date to the following week from 11/15 to 11/22. Seller agreed to extend if I terminated my unilater...
Zachary Bellinghausen
To LLC or not to LLC
In the process of talking to a lawyer in setting up LLC. I only have two rentals at the moment but plan on owning commercial real estate in the near future. A potential lender from a local bank suggested that I set up...
Robert M.
Should I refinance my FHA 4% interest loan with PMI to a conventional loan at 4.375% without PMI?
I obtained an FHA loan for 240k at 5% with PMI back in April 2009. In 2013 I received an offer in the mail to refinance my loan to a streamline FHA loan to 3.5% interest rate, the mortgage company didn’t lock me in...
Zachary Wagner
FHA Loan Owner Occupancy Question
Hello all,Long time follower, first time poster.Here's the situation that my wife and I are in: We currently own two condos in the same village outside Chicago. The first is a 1BR that we use as our primary residence....
David Nacco
What should I do next?
So I found a house I want to try to wholesale but I have some concerns with it. First of all I found a property I would like to wholesale. The property was purchased in 2012. I could not find the purchase price. The A...