I’m currently trying to rent out one of my vacant properties. Usually when an applicant calls I get all their information and ask them the 4 basic questions: Is your income 3x the monthly rent?Do you have a clean crim...
Hey guys, I’m closing on my first property next week. I just got my disclosure forms and saw that my closing costs are right at 8k. The purchase price is 135k, I put down 10k using a conventional loan with 3.5% intere...
Here is a question that I have thought of while trying to come up with a creative way to finance another property with less than 25% down. One of the banks that I looked at offers up to 90% LTV on second homes. I hone...
Now that elections are over how will the new president in office effect the real estate market?Will there will be positive opportunities for investors to make more money in the real estate market ?
I am in the Los Angeles market and buy/rehab/sell many properties on an annual basis. Lately I have been selling some as fixer opportunities without doing any work on them. The problem that I have encountered recently...
Can someone please share experiences of denying qualified applicants? If there are multiple applicants who meet the minimum qualifications, how do we take the preferred one and deny the rest applicants the right way?
I have several multiple family properties that have gone up in a value a lot (IMO). Is there a legit formula or equation people use to determine when is the best time (or makes the most sense) to sell? Thank you!Ex 1:...
What are the legal repercussions if you lie about being a accredited investor? And what kind of trouble can the issuer get into? What kind of forms do you get from the issuer or is it just on good faith? I am not a a...
In recent years, the multifamily real estate sector has experienced unexpected turbulence, catching many investors off guard. Factors such as rising interest rates and an influx of new apartment units have contributed...
We're transitioning to short-term and mid-term rentals and will be mostly acquiring single-family homes for the foreseeable future. We're still open to acquiring long-term rental apartments with a minimum of 12 unit...