Udoka Omenukor
Do I Have To Save Up...?
I am saving money to purchase a home. I was told if I go to a hard money lender, I still need to use my own cash for part of the deal. I'm saving around $15,000. I'd buy the house, use hard money lender cash to rehab ...
Lamont Booth
Loan for a downpayment on a rental property
Just wanted to get some thoughts on taking out a personal loan to cover the 20% down payment that is now required by lenders to purchase an investment property. If you ran your numbers for your property and you still ...
William Infantes
"Due on sale" in NJ?
I've been reading about creative financing options like "rent to own", and "subject to" and could see that there are a lot benefits in using those strategies. My concern is the the "due on sale" clause being executed...
Denise James
Filing bankruptcy? Buying time to close a deal
Homeowner wants to sell but the auction is in 2 days.
A lot of investors in my area use the bankruptcy method to stop the auction and have more time to close the deal.
I’ve never used this method. I usually send a...
Nicholas P. Pileggi
Rent Collection Methods
Hi Everyone, I have a few tenants and would like to switch to a more convenient/efficient way of collecting rents. Does anyone have any recommendations on websites to use for collection of rent or any other efficient ...
Cody Hilke
Minnesota Owner Occupied Duplex?
My wife and I are planning to move to Minnesota within 3 years. I have a lot of experience on CMBS and multifamily loans but not much on the ownership side apart from a duplex that I managed for my parents in college....
Lindsay Schubert
Unusual Situation, Looking for Advice!
Hello!My name is Lindsay Schubert. I am a full-time Air Traffic Controller is San Juan, Puerto Rico. I want to start my rental portfolio in Florida. The hope is to be in this area eventually.I am looking to start wit...
Jacob Wietholder
Self Managing Rent Collection
I finally have my first investment property under contract, a duplex with two long-term tenants already in place in Davenport, Iowa. I plan on managing the property myself. What method(s) are best for collecting rent ...
Christopher Abernathy
HELP! Is $0 down possible w/ Multi family-HFA/FHA Platinum Grant
2 part question I am now credit worthy (mortgage score qualified) and after selling my wife on the fact that our 2016 tax return must all go towards our first Investment property and first property in general. I just ...
Brant Holloway
Ach debit for renters advice?
Has anyone set up a ach template through there bank to have renters automatically be debited? And what are the pros and cons of this method. Any feedback is welcome