Scott Williams
Investing in SW Michigan vs NW Indiana
Good morning all! Looking for thoughts on holding SFH rentals in SW MI vs NW IN. MI seems to have higher property tax and less landlord friendly laws, is property insurance higher as well? Are there other factors that...
John Hilliard
Wholesaling and flipping condos.
I’m a newbie. I’ve never done any deals but have recently come across a 1 bedroom condo. The area is nice and the property needs a bit of work (not a complete disaster but more than just paint). Is it possible to who...
Kevin Noell
Duplex Refinance Terms
I am curious what anyone else doing a similar refinance is seeing as far as terms. We are refinancing a duplex in Austin that has both sides rented, totaling $2650/mo. Our credit is slightly above 800. Current mort...
Samantha Soto
Rule of Thumb for cash reserves?
Is there a rule of thumb for how much cash you should keep on hand per unit? I have set aside 5k per SFR in case of repairs. I would love to hear what other people are doing.
Margharita Silva
Interpreting Transunion smart move
The tenant is making 2 K on an internship and the parent (guarantor) is not established in the US well enough with his credit/employment/rental history. He has only been in the US since 2021. He has 170K income (state...
Tj Collins
Data collection + underwriting variables for DSCR loans
To everyone that lends for long term rental properties (1-4 units), how do you collect the data you need in order to underwrite the risk (Ie excel form, file uploads, etc...)? Also, outside of the asset value, what ar...
Bhrgu Itwaru
Looking for a Helco on my LLC - which owns my rental property.
I have a rental property in an LLC own by both myself (49%) and my partner (51%), I will like to get HELCO or CELCO. I currently have a mortgage of $25,000 on the property, the property value is around $220,000 to $24...
Joseph Van Fleet
HELOC Credit Impact (100% Loan to Value)
Hello,
I'm considering a 100% loan to value, home equity line on my primary residence. It would give me access to around $80k.
Would this have a negative effect on getting future conventional loans if I didn't us...
Jim Kalish
Looking for advice on how to grow our business in Charlotte, NC
Hi. My son and I started investing in real estate in 08 in the Charlotte, NC area. We have been learning the ins and outs of buy & hold, with a few residential properties. We have flipped a couple but those wer...
Bruce Weyer
BRRRR and Mortgage insurance
If I am paying cash for a house, then doing a refi to pull out 70% of money out. Will I have to pay Mortgage insurance on the new loan? Does the 30% left count as money down so that I do not have to pay Mortgage insur...