Derrick Webb
First Time Homebuyer - Creative Financing Techniques sub 620 credit score
Does anyone have any suggestions on how to purchase a home (1st time homebuyer) using any creative financing techniques or special programs. I am currently getting my credit score as well as my wife's credit score up...
Erin Monday
How to make Extra Payments to Principal?
Hi! Does anyone have any tips on how to go about making extra payments to mortgage principal? I'm a contractor right now so my salary is constantly changing, but as soon as I get paid, I'd like to make some small extr...
Fernando H.
Pay off Debt for higher DTI Ratio or Invest? HELP!
Current Debt.1 SFH: rented - $200 positive cash flow after paying off mortgage2 Duplex: rent one and live in another: $200 positive cash flow afer paying off loan3. SFH: *currently rehabbing* - free and clear - ARV 70...
Zachary Giles
Should I get out of debt before investing?
My wife and I are split 50/50 on wether or not to pay off all our existing debt such as student loans and auto payments before we take on more debt to invest into real estate, or we begin saving to buy our first renta...
Katharine Chartrand
How do I serve the Bank of America
I had a purchase contract with the Bank of America on a house. They "cancelled" the purchase contract and told me I am not getting my deposit back. They are not in a strong position legally, but they will likely be ...
Christopher Langan
Figuring out wholesale prices to give homeowners
So Im going to assume this has been asked a million times, but I was just struggling to figure out the ARV and the costs.I have knowledge on what and how much X should cost and stuff, but when people explain calculat...
Jason Minnich
Late Rent Money Order with a twist
So in searching the forums before posting I found a LOT of people asking what to do when their tenants say the check is in the mail. Typically the story goes a bit like this: Rent due on the 1st, late on the 3rd-5t...
Chris B.
Tenant screening & application process
Planning to get my first multifamily property by the end of summer and wondering how to go about selecting the right tenants. At work part of my responsibilities include bringing on new talent to the team. I’m usual...
Account Closed
What is your system for collecting rent?
I've always just collected checks on my SFR in the past and that has worked, but I could be closing on a triplex soon and I am worried collecting checks will turn into a headache. Does anyone have a system/app/program...
Lamar Cannon
Forming LLC / Partnership with Rehabbers
Instead of becoming an HML, I'm looking for innovative ways to lend money or finance flips and other real estate projects. After reading a couple posts on the topic, my wheels are turning. Forming a Series LLC or an...