Paul Lee
Calculating DTI for owner-occupied multi-family properties?
Hey guys,
I currently owner occupy a 4-unit multi-family and I'm looking to purchase and occupy another 4-unit multi-family. I'm using Fannie Mae selling guidelines to calculate my DTI, but I'm still not sure if I am...
Zulu Black
Rental Property Deduction Limit
Hello All,This year, in July I started to enter the realm of real estate investing by renting out my SFH for $4k/month. I also have a full-time engineering job. I understand an individual may deduct up to $25,000 of r...
Abe Rouz
Looking to invest in markets with 1% cashflow in B-/C+/C areas. Want to build a team!
Im looking to start building out a team of a real estate agent, property manager, lender, contractor/handyman to start buying 2 to 4 families in markets that meet or exceed 1%. Open to cosmetic rehab and even BRRRing....
Stephanie P.
US Commercial is different. We have a plan
Here's where we're different; We have a plan.US Commercial offers a two step approach to building your wealth using our commercial/investor financing. Step One: The fix and flip. We offer fix and flip financing to ...
Nicholas Hubbard
Are Properties with Liens Still Good for a Wholesale Deal??
My cousin & his father are trying to sell there Multi-Family Property and it has a sewer/water liens on it and i wanted to put it under contract. But was wondering if this is something i should go after? Who would...
Ross Baggay
Raising Rent In Norman Oklahoma
I am renting out a house I own in Norman Oklahoma. I currently have tenants in place with utilities included in their lease. They have been using much more electricity than I expected. My question is: am I able to rai...
Account Closed
Bubbles and Crashes in Residential Real Estate
There is increasingly frequent chatter about a real estate bubble and impending crash. I think projections like this are often misguided and counterproductive. Here are a few thoughts and I would love to hear what o...
Jane A.
Rental expenses at Tax Return
There is an official guidelines that yearly repairs and improvements expenses for a rental property should be below 2% of the purchasing price. For example for 100K Douplex we will spend no more than $2000 during the ...
Ryan Randall
HELP - Insurance requiring Fire Alarm?
My old insurance just dropped me. Said that our property rebuild costs exceeded their maximum. Now, while searching for new insurance through a broker, I'm being told that my building now requires a "Central Station F...
Nathan Smith
Iowa late fees property management
Hello everyone,Quick question about late fees with Iowa law. The law states that if the rent is less than $700/month, then late fees can not exceed $12/day up to $60/month. Here is the exact wording: “For rental agree...