Brian Kwan
How to Calculate Cash on Cash for HELOC?
Hello,There's a duplex that's going for $250k, with gross cash flow at $1900. Vacancy at 7% ($133), Insurance $70, Maintenance / CapX at 7% ($133), Taxes $75. I've got a HELOC that lets me borrow up to $63,000 at a Va...
B. P.
Legality of "Split Approvals"
Has anyone worked a "Split Approval"? I am researching details for friends going thru the Short Sale process in Florida. Forgive me as some of the terms are unfamiliar to me. The 1st (GMAC) has agreed to give a po...
Alexander V.
Am I bound by a previous owner's property management agreement?
I'm not asking about what property managers write into their contracts. I've seen entire wish lists embedded into them. I realize that it is fairly common for property managers write in their contracts that the agreem...
Justin McElroy
Hudson County Rent Controls - Any Local Attorneys to Help?
Hi everyone - hopefully a local attorney is reading this, if so please message me as I'd love to hop on a call or meet for coffee to discuss (I'm also looking to find a great attorney to add to my team!).I've been try...
Zach Wain
New Loan Level Price Adjustments - how does it impact you?
The Federal Housing Finance Agency, FHFA, the governing body that controls the conventional loan world. Think of them as the parent of Fannie Mae and Freddie Mac. They have set multiple new pricing grids for all con...
Chan K.
Section 8 Inspection Failures
Hello Everyone,I have a section 8 questions for the veteran. Apparently, the housing authority in my market (the MA / Massachusetts area) changed the section 8 inspector which based in TN somewhere. The new company se...
Courtney Kelly
Second Home Vs Investment Property
We have been looking to purchase a multi family in Massachusetts for the last year but unfortunately (after about 10 offers) have still not been able to secure anything. Considering changing gears and purchasing a sec...
James Gravitt
SAFE Act Questions
Is this something we need, if we plan on financing the MH's ourselves? Do we have to be licensed now? Or will we soon?
Christopher Jason Lloyd
Wholesalers required to have license in VA
Just passed the House and Senate in Virginia - I am not as up to speed on how the legislative process in Virginia works but my broker and multiple wholesalers that have reached out to me are all under the impression t...
Account Closed
Getting leads through EDDM
A friend of mine does co-op mailers on these giant postcards using every door direct mail from the United States Postal Service. It’s spray and pray marketing but I can get into 10, 000 mailboxes for 7 cents each. Do...