Miltiana Holdip
Opportunity for 50k loan but need 680 credit
I got an opportunity for (approx) a 50k personal loan from someone, their underwriters want to see a 680 FICO score and they will disregard income. I'm still building my credit at the moment so my score definitely isn...
Alex M.
Help! Forming LLC taxed as S-Corp
In need of some expertise here. Thanks in advance.I have 6 rental units in NYC that I airbnb. Im also looking to buy a house for airbnb, likely in Tennessee or Georgia with an investing partner.Question:1) Should I f...
Scott Choppin
Apartment Financial Underwriting - A 2-part Series
In a few recent conversations with different folks, it has come up how they are calculating financial performance on multi-family projects. And to be honest, I feel the need to generate a specific post on this, since ...
Thea Linkfield
Switch Property to LLC for tax purposes?
Hi all! I have a property I bought through the Duval County Foreclosure website with cash. I am working with 2 people on fixing it up and flipping it. The property is in my name. We are going to split the profit evenl...
Nick Stageberg
How Many Showing To Rent, On Average?
Hello everyone! Long-time lurker, first time poster :-) I'm curious how many calls, showings, and applications you see before having a signed lease. Also, how may days on market and days of vacancy?For myself, I wo...
Ryan G.
Whacky appraisal logic on Cash Out refi?
Hi all,
I'm doing a cash out refi, and the appraised value is "okay", but I think it's off by about 20k; which makes a huge difference in the cash out value. Essentially, there are 4 adjustments the appraiser is doi...
David P.
What kind of rates are you seeing for 2 unit Duplex?
I been shopping around for the past 2 weeks and the best I have seen out here in my local market Los Angeles is 5.875% 30 year conventional fixed (25% down) with 1.25 points for a 2 unit investment loan duplex? A lot ...
Charlene Stovin
First Time Property - Forming an LLC
Hi all, have another oneI was in the process of registering an LLC for my investment properties; I don't have cash, and financing I have heard for an LLC will be much more difficult than if I were to put the property ...
Jennifer T.
Should I buy a good deal w/ 2 non-paying tenants/squatters?
Hi,
I found this off-market deal in Philly and was wondering whether it's worth it to proceed. I feel like I must be crazy because nowadays everyone is dying to evict their non-paying tenants out but I'm looking to v...
Christian Orozco
How many applicants is too many?
Hi, I just put a unit for rent on the market. I have received about 60 applicants in less than a week. Is my rent too low or is that average?