Matt Randall
Question about investing with a DSCR Loan
Im hoping someone can give me some advise on this, I'm looking at buying a triplex and putting about 25% down and using a DSCR loan for the rest, has anyone that has used a DSCR loan have anything good or bad to say a...
Wade Wisner
DCRS Loans and How they Work?
I have never done a DCRS loan and have little knowledge of how they work and in what situations they can be used. Can anyone out these describe them to me with limitations/advantages to having one? Thanks
Thomas Usher
254 Unit Complex as My First Deal, any advice?
I am looking for constructive advice on how to get this deal under my belt. I know it's big but these type of deals keep comming up and I see alot of opportunity here. I am in Houston, TX and the property has a existi...
Chris Olandese
Tenant threatened to move out
So I just bought my first property (4 unit multi family). One of the existing tenants (On a M2M) asked me about the new rental rates I’m planning, and when I told her of the increase she immediately said she would be ...
Alexander Phillips
1st time buyer, cold feet after mess + closing cost increase of 3%, can I back out?
Hi all,I was supposed to close today on a $270k new build duplex out-of-state, but it's been delayed to Tuesday. Can I get any general advice on what my options are? Can I back out? What are my costs if I back out?...
Terry Royce
The case for and against IRA / Self Directed IRA
Currently I do not have any IRA / 401k, and I have been looking at starting and depositing into one before tax day deadline for 2011.
I have previously just bought stocks and/or mutual funds
However, the more I think...
Jim Macedon
Learned a Valuable Lesson About 2 Year Lease Terms
Well, put me in the camp of no longer accepting two year leases. The problem, as I've learned recently, is that the lease really only binds the landlord. The tenant can still leave whenever he wants.One of my tenant...
Chelsea Wessman
Seller Financing Advice Needed
I'm about as green as it gets and currently running numbers on my first potential deal. He's willing to do seller financing and the triplex is worth about 160-165K. We can only scrape together 5% down currently-henc...
Beau Griggs
Owner Financing Deal
I have a deal going for two rental properties with owner financing. The terms are that he'll carry the note for five years with 6.25 ballon 15 years amoratized and no repayment penalty. I think I understand the terms ...
Toby Sheehan
My diversification story
Just want to share my story regarding diversification from heavy equity/401k position to short term rentals. I'm sure there are things I could have / should have done differently but I'm moving forward with new persp...