David Sotomayor
Seeking Advice: Using a Cosigner for Fix & Flip
Im getting into fix and flip real estate and working with a private lender who requires a higher credit score than mine to qualify. I have a cosigner willing to help, but Im unsure whether they must be in my LLC...
Hunter Oldham
Private vs Hard Money lending
What are the main differences between getting a hard money lender or private money lender to fund a deal? Is one better than the other or does it just depend on the deal? I am a Realtor and know I can find the deal bu...
Jessica Hood
Initial cost/Renovation cost/Cushion Ratio?
When considering your budget, is there any general rule of thumb for the percentage of money you spend to buy a property vs the percentage for renovations vs the excess left for cushion/emergencies? I will have a set...
Robin Ferrier
Buying notes - rates of discount
Hi, I am new to the concept of holding notes as I am contemplating offering my property with seller finance. I have a property I would like to sell for 30k. If I were to receive money down of say 10k (probably less) ...
Logan Allec
Non-Taxable Income for FHA Loans: Do 401(k) contributions count?
It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...
Laura Lewis
DSCR Home Loan
Hi all, I've been looking into applying for the DSCR loan. I'm new to the world of real estate, so I don't have very much experience. I just have a few questions about this type of loan. How exactly does this loan wor...
Erin Weiss
Homestead Exemption with a new Rental
I'm in the process of buying a SFH. The previous owner was a senior woman who filed for a homestead deduction as well as one for seniors which resulted in her property taxes to be only $11 a month!!! Wow that's LO...
Michelle St. Claire
Testing An App Concept: Your Input Is Requested
Imagine if an app existed in which you could select a metro U.S. city and it populated a bunch of metrics relevant to real estate investing markets (e.g. population growth, unemployment, crime, job diversity, median h...
Nitin Dhiman
Do the title fees look reasonable?
Hi there,I'm doing a cash-out refi of a single-family rental in Round Rock. If you're familiar with Title fees in Texas, could you comment on whether these seem reasonable? Sounds too high to me for $165K loan amount ...
Kedian Jimenez
Essex County Newark, Irvington warzones?
Hey my partners and I are looking to invest in Essex county and we have particular strategies for different economic areas and so we are focusing in going into Irvington, Newark, east/west orange and we were wondering...