Amil D.
Massachusetts eviction laws
Hi all! I am a young investor (27) and thinking about getting into rental properties. I have about $50k.I live in MA but am hesitant to purchase anything here due to the laws - I've heard stories of people not being a...
John Underwood
EIDL loan - Use of Funds
Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "...
Tj M.
Would you ever not do a 1031 exchange?
So I sold a house for $250k and my tax guys says I will owe $20k in taxes. I am trying to do a 1031 exchange but would you buy a property that's not really a good deal to avoid the taxes. I have 2 duplexes lined up th...
Matt Jones
How I turned a Chrysler Crossfire into 15 doors
Today I am a full time real estate agent, property manager and investor with 15 doors. 10 years ago I had no intention of any of this and 3 years ago I had just purchased my first buy and hold but I was just getting ...
Account Closed
Closing HUD help
Closing on my first house tomorrow. Took 3 months to flip it. I don't really understand the HUD numbers and feel as if im getting gauged in costs. Can someone take a look at these numbers and help me out? Im the selle...
Rob Shah
20% Share of apt complex deal - is it worth it?
Here is my situation - please shed some light.
I have been approached to be a partner is a apt complex (24 studios). The downpayment is roughly totaling about $160K which each partner should throw in about $...
Sarah Lorenz
Are any lenders timely anymore?
I've taken out three mortgages in the past two years, and all three have had terrible delays and poor customer service. One was with a national bank, one was with a local bank, and one was with a national mortgage com...
Brenda A.
wholesaling
I am brand new to REI and I attended a 3 day seminar in late Oct. I left there very fired up and excited and ready to jump right in. I immediately approached a couple of friends of mine that are real estate agents t...
Stuart M.
Banks/CU's that will use a lease/less than 2 yrs rent for a HELOC
I'm looking for banks/CU's you've used that will give you a HELOC on an investment property and use the rental income for your DTI calculation even if you haven't rented it for 2 years - if you've only rented it for 6...
Emily Rose
First time investor
21 years old. Planning on investing with a partner. I've been trying to get a DSCR loan but my credit is terrible and I'm self-employed with doordash and babysitting while I wait to get hired as a Med Tech at a hospit...