I have a single member LLC that is taxed as a S-Corp in which I flip homes and drive for Uber. I purchased a property in 2017 and finally sold it in 2020. I sold it for less than what I bought it for. I have filed the...
So I've been using this property management firm for a few years now and we had our first real "tenant damage" between tenants (I guess this timeframe is considered turning, not flipping, but if you have a better term...
I am wondering if anyone can give me some insight into cap rates on larger buildings in different areas around north eastern Ohio. I am looking for larger buildings, 12 plus units, and am trying to grasp the differen...
Assuming the potential deal you are analyzing meets your target IRR for investors (net of fees), what's the best way to determine if the deal make sense from a sponsor/developer's perspective? Is it simply making sure...
I'm trying to buy a bank owned property that is probably 50% finished and needs a lot of work done. Any creative ideas on how to finance this? I was thinking about how I could get the bank to agree on a purchase pri...
My husband and I are meeting with a mortgage broker this coming week, What are the top questions week should be asking? We are looking into a few different forms of financing for our first rental property including pu...
Is it common, when dealing with private money lenders, to have an "Origination fee"? How do you know that it isn't a scam? Does anyone recommend a private money lender for a rookie to real estate investing? I curre...
Hey Lender Friends,
Do you specifically know which version of the FICO score you use for qualification? — i.e. FICO score 5, FICO score 8 etc. — Is it typical for a lender to know or not know which one they use?
I do not live in the city where I invest, so I sometimes have to rely on my realtor to view the home and take pictures for me. I found a great multi-family opportunity, and asked my realtor to see the property as soon...
Hi Everyone,
It seems that the walkway on our property may have ice sometimes during the winter. Does the landlord typically supply the tenant with salt/sand for walkways in Minneapolis? And if the landlord typical...