Jake Brockway
Tips for turning a illegally ran rental into a legal one?
Hello Everyone,
I'm a new investor and I'm currently looking for some strategy tips on a multi-family deal I found. A mutual friend of the owner and myself got us in contact. Let me tell you about it.
First I'...
Earl W.
Use of Common Areas when the possessions are one tenants
Long story short: I rented to three qualified but young tenants. A boyfriend/girlfriend couple and the girlfriend's cousin. For whatever reason they had a falling out. I've been getting texts from both sides complain...
Account Closed
Cash Back at Closing
I have heard that in Canada, banks are not usually comfortable with deals that include cash back at closing.I can not figure out why. In my opinion, the banks should really only care if they are financing more than 80...
Luke H.
Selling: Rent to Own vs Owner Finance in Texas
Hi all, hope all is well.1- I've heard that Lease with Option to Purchase is not legal or no supported in Texas. Any resources?2- If I owner fiance a property are there any RMLO's you recommend and why?Thanks!
Dante Ritchey
Multi-Family appraisal falling short
Hello everyone,My brother and I are in the middle of our first house hack in Massachusetts. We have the house under contract and everything has gone through except now we are stuck at the appraisal. It is a deeded two...
Jacob Beg
FNMA mortgage qualification question?
Hi All,
Having reached the 10 property limit for FNMA loans, if I refinance four of those properties with a commercial lender taking title under under a newly formed LLC, am I still able to use the positive cashflow ...
Jacqua Le Fleur
Minimum Occupancy Enforcement - HELP
Greetings all. Quick question. I want to make sure that I am correct in upholding my occupancy limitation of 2 people for my 1 bedroom rental property. I read the Fair Housing Memo which outlined their interpretation ...
Daniel Lujan
Security Deposit.....How much???
Hey All,
I was wondering about how much deposit to ask for?
Also, what is security deposit in " Certified Funds"???? What does certified funds mean?
Daniel
Ethan Garrett
Overcoming DTI Concerns in "Subject-To" Deals
Hey fellow investors,
I've recently come across a challenge in a "subject-to" deal and I'm reaching out for insights and solutions from this knowledgeable community.The Challenge:How can we structure a "subject-to" d...
John Shoup
Portfolio loan preventing Fannie Mae loan
Do we have any underwriters that can help? I have zero mortgages in my personal name, but I have a portfolio loan under my sole owned LLC, in which I'm NOT a personal guarantor. Because I have "ownership interest" ...