Mike Lambert
Line of Credit to Pay Down Mortgage
I've been researching using Lines of Credit to pay down a mortgage (this one is for my primary home). I'm interested to get feedback. Please shoot holes in my plan and let me know if you have better ideas. Hypothetica...
Robert Hastings
Using rental income for mortgage app
If you have a unit that rents for 500/month and from that unit you cash flow only 150 monthly and you have over two years documented income on tax returns, you will only be allowed to use 75% of that "cash flow" incom...
Amie D.
What to charge up front.
I have an applicant who looks like they could be a good renter, but has a few negatives (already discussed in the thread linked to below) and so I've decided to approve them, asking for first + last month's rent in ad...
Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
Hi, I am a new investor and I'm contemplating buying a commercial property to hold. I've been using the general "50% of EGI" rule to analyze properties but I am curious what a "true" range is. I do have some questions...
Martin Qualls
Tenant Application Forms
This may have already been asked but could no find in my search. What kind of forms do you include in your application packages? It is getting harder and harder to get any kind of verbal references anymore. So I need ...
Tara Griggs
Buying Condo in HOA Litigation
I am interested in a condo in a high-rise on the beach. There are three units for sale, one on the eighth floor, one on the fourth floor and one on the first floor. The one on the eighth floor and the one on the four...
Eric S.
Evaluating Loan Options
Hello trying to figure out the best possible lending option. Scroll to the bottom if you just want help answer my question and not read all the extra info about the property. Forgive me in advance for any typos.Here a...
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Hard-equity lending, consider these creative techniques
Hard Money funding is often used to finance projects that are considered by most to be unconventional!
Most call it Creative Real Estate Investing!
The reality of it all is that Creative Real Estate Investing techni...
Craig Stephens
HELP - How do you know who to rent to?
Hi, I'm doing my first rental property. I've have an application that I ran through SmartMove. It says to "ACCEPT". When I look at the details, this particular person is making over 100K a year in high tech contrac...
Cliff Mitchell
How to utilize equity from rental?
Hello everybody!! I live in the boom/bust roller coaster environment of the Permian basin and my profession is as an architect. I really like my job and the company I work for and have no plans on leaving, but would...