Josh P.
Quick Question about the 50% rule.
When I'm using it to figure my monthly payment and therefore the max I should pay for a property, am I to go by the monthly payment amount for a 15 year or a thirty year mortgage?
Jeremy Namen
Is a buyer that is named on the purchase agreement / sales contract to be the owner of the property when closed and titled?
Sounds like a moronic question but I have a deal in which my lender required myself and another one of their customers(former biz part) to form a sales contract on a property that i wanted personally. The sales contra...
Mike Montanye
Looking for advice on our first rental...
My wife and I decided a few months ago that we would buy a rental property. We took out a $50K HELOC that we will be using for our down payment and reserve.
We live in upstate NY, so we are looking to invest out of s...
Gil Ganz
Large legal balance in non judicial states
HeyI have been seeing something that seems weird to me, I see assets in tapes i get that are from a non judicial state, one that is also quite a quick foreclosure one, having a large legal balance on top of the UPB.Fo...
Jason Jelks
FIrst deal - 10 units
Looking to get under contract 10 units (5 duplexes) on a lot of land. Each unit is a 3/2 with 1200 sqft. The land has permits to build an additional 5 duplexes. The first 5 duplexes aren't finished. They require floor...
Alain Chautard
Property Management and continuous stream of repairs... What would you do?
Hi,I have a property in a different state that I trusted the PM company to take good care of. After two years, I've received 30 maintenance requests from the tenants, which seems like a lot. The PM company happily dis...
Austin Bright
Common Criteria for Renters?
Hi guys,
I'm getting ready to list for rent for the first time and am curious about your rental application criteria for tenants? This is what I'm thinking. But honestly, it seems like it might be too cumbersome? I'm...
Jack B.
Lot's of leveraged houses vs. one or two paid off houses
I know that they say leverage allows you to increase your returns, however; I've heard a popular investor say that he used to think that many leveraged properties were the way to go, but that now he realizes that one...
Eddie Ziv
Rush Limbaugh is the new expert on health care!!!
Good 'ol Rush came out the hospital in Hawaii straight for a press conference to declare that there is nothing wrong with our health care system and he is the evidence of it. Coming from a man who makes millions of do...
Kylie Tollios
Consequences of running a STR when not allowed by city?
I, like many others in Denver metro, would love to operate a STR (preferably non-owner occupied). Most cities don't allow STR (yet) or mandate they are owner-occupied, but looking on Airbnb, there are plenty of people...