Todd Groom
Flood reimbursement amounts ??
I have spent hours looking for anything that will give me an idea of how much is paid out for different things during flood clean up and remodeling. I know how it works as far as the process so I’m good there and how ...
Gregory Johnson
Amount of mortgages.
After acquiring my first property is there a certain amount of time that I have to wait until I want to pursue my second property?! Does it depend on the number of mortgages?! Please help shed some light on this subje...
Andrew Bissada
PMI amount inaccurate?
My lender gave me a quote on a 10% down on 300k. The monthly PMI was $45. I mentioned this to a friend of mine and he thought that was abnormally low. From my recollection, I thought it was low as well so I googled it...
Jackson Long
Commercial loan amounts
If I found a property that was priced at say 1m and had a 12% cap and a DSR of 1.5 (I don't even know if I can make those numbers add up- but bear with me). Then I find a bank that looks for a minimum of 8% and 1.2. ...
Kris L.
Capital Reserves Amount
Just curious what level of capital reserves are common when renting SFHs. 3 months expenses? More? Does you scale it if you own several properties? do you keep this reserve in a separate account from CapEx?
Keith A.
Minimum mortgage amounts
If the strategy we plan on using is to buy cash and then use some leverage later, do we need to be looking at properties greater than a lenders minimum to finance?
For example, buying 60k properties cash and trying...
Luis Rojas
Amount to offer?
While driving around this weekend, I noticed a few abandoned properties. I am preparing letters to send to the absentee O's, but am unsure of amount to offer. How do I determine how much to pay for the property? This ...
Jordyn Rodriguez
Determining Rent Amount
I am awaiting my pre-approval so I can purchase my first investment property, this might be a dumb question but once I have a property how do I determine how much I can rent the house for?
Michael Campbell
Mortgage amount left
I had a realtor tell me he isn't allowed to tell me how much is left on the mortgage for a house I'm interested in. Is this true? Obviously I need to know before making an offer on the house. How would I be able t...
Daniel Lehman
Minimum mortgage amount
What is the minimum amount a house can be mortgaged for? I was told 65k but that would mean I can't get a conventional loan for anything less than around 80k or so figuring in for subtracting the down payment. This ca...