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As I am starting to fill out my portfolio with SFRs, how much should I keep in reserves per house to be safe? Would you set aside a certain amount per house or do you have a set number (ex. $50k) for your entire portf...
I'm buying a property with an FHA loan and I'm short $800. I'm in the underwriting process. I have the money but I can't account for it. Is there any way around this?
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I "finished" my first fix n' flip and got it on the market a couple weeks ago (type in Liverpool Drive Charleston SC in Zillow to see photos). The project went about $20k over budget and 3 months behind schedule. Have...
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Well its been a rough year as a landlord for me so far. Even worse than the year Hurricane Ike caused its damage. To date since January first of this year I have spent an average of $1475 a month for repairs and vac...
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Interesting article today out of the Boston Globe. Bank Loans available to Condo/HOA associations for repairs. From my reading, they're secured by a doc that's analogous to an Assignment of Leases & Rents. Doesn'...
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I am an investor in the BroadMark fund, which provides investor return from 1st lien position hard money loans. I am generally happy with the fund thus far, but they seem to be using an overly favorable method to com...
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Thank you for opening. I'm in the final stages of assembling several HELOCs to total 550k to buy an OOC multifamily. I'll be looking for an under maintained property to reposition.I know, I need to split the money int...
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When applying for a mortgage loan, it is important to find out the lenders' liquidity requirements before you even complete or submit a formal loan application. Part of the pre-application process at Atlas is to revie...
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I have a FHA 203k loan now and had to go out of pocket to get my tenants out of the property to start working on it.it is possible to use a contingency reserve for cash for keys?
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It happened..don't really know..but it happened! After several no's, being beat out by cash offers, going in above asking and not getting contracts, going thru HORRIBLE contractors, finally securing a property but rea...