Hi All, I am going to complete closing on a SFH rental property in Clearwater, FL . It is not on the beach but a couple of miles from it. I intend to rent it out to long term renters or seasonal renters (3 month minim...
Good evening, I am currently flipping a ~550 square foot house in a low income area. Population is ~50,000. Median household income ~$41,000. The house is a total gut with an entire new floorplan. I decided to go with...
Some hard money lenders and brokers may have to comply with new licensing requirements for lending on residential property. Depending on what State you are working in, if you are lending your own money on residenti...
Hi everyone,
I'm a new real estate investor looking to enter the market in the Orlando area. While I'm excited about the potential, I'm also unfamiliar with the specific dynamics of the Orlando market.
I'm particul...
I've just recently added a coin-op washer and dryer to a 4 unit. The first month went well, and being a little OCD, I counted the coins in each box. The usage of the two machines matched 100%.I just emptied out mont...
Howdy, a newbie question.
was trying to verify 3x income requirement. Got application using smartmove where it says income as xx but paystubs show different? Should we consider pay stubs as source of truth?
Also app...
They were a month ago, suddenly they are not. They told me that the secondary market they sell the loans to has stopped buying them. Switched to my other lender, heard the same thing, they are now capping how much inv...
President-elect Obama is considering a $1 Trillion stimulus plan.
http://news.yahoo.com/s/ap/20081217/ap_on_go_pr_wh/obama_stimulus
I was concerned when they spent $168 Billion on those stimulus checks earlier this ...
To all the OOS REI!What do you expect to see in a potential investment deal when presented with a new investment packet from someone you are not familiar with?
Hey everyone,I wrote my introduction post a little over a month ago about my goal of really starting to invest in real estate after I transferred from Rhode Island to Norfolk, VA. Unfortunately, my arrival to the Hamp...