Zigmunt Smigaj
STR Insurance Policy... who do you use?
I cant find a STR insurance policy that inst 5000-1000 in Florida (Quote from Proper Insurance), this kills a lot of profit. Who do you use and how much is normal for a Florida insurance policy either as a business t...
Marcus Auerbach
How do you get top rents for DSCR financed BRRRR properties?
In the last years, the rent amount on a BRRRR property has become the defining factor for the loan amount. It used to be mostly LTV and appraisal, now it's the 1.2 DSCR, so in that way rent is becoming the limiting fa...
Alex Bowen
First Time Home Buyer - Why NOT use FHA Insured Loan?
I'm a potential home buyer who is looking for a property to purchase as a residence. I have not yet talked to a mortgage broker on the availability of an FHA loan. I have, however, asked the advice of people in my ...
Nathan Turner
Multi-Family New Build Opportunity!
Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $8,000
Cash invested: $8,000
Sale price: $240,000
This opportunity involves a new build on a property in North Ma...
Scott Harper
Flood insurance
I am not happy with Fema. I have owned a house in Daytona for ten years. The house is two miles from any water. Last year Fema decided to redraw flood maps and now include my house in the flood area. I believe this wa...
Simone Montague-Jackson
Home warranty...scams or helpful?
Hey there, I've been house hacking for a year, which has been great, but I've had a few issues with the house. I need to fix the garage, garbage disposal, and there's possibly mold in the attic (don't know how true th...
Derek Sperzel
underwriter requested "proof" of free & clear ownership ???
So we're trying to complete a cash-out refi on a rental we bought and rehabbed last year (BRRRR), and everything was going well until today. I got an email from the Broker, and the underwriter is asking for documenta...
Richard W.
North Carolina Small Multi-family - Where are the listings?
As part of my analysis to determine target market I want to look at whats available 2-4 units in Charlotte and Raleigh/Durham. There are 3-4 listings on realtor, same ones for zillow. Loopnet has two larger multifamil...
Lisa Eckman
Hard Money Lending - Points vs. Interest
From this and other threads, it seems that HML often (always??) charges points in addition to the interest rate being charged. And I know in one other situation that when the borrower needed to extend the loan, they ...
Kevin Pereira
Down payment!!! conventional/FHA
Looking to avoid PMI, and maybe saving some money every month with a 5% down payment on a conventional owner occupy loan. Has anyone actually saved with this strategy? Can I attack principal and build equity faster wi...