Jake S.
Private Lending Questions
I have a potential deal in the making, and have a private lender lined up.I, and the lender, are new to the private lending game, so what sort of paperwork/contracts need to be in place before the deal happens?Really ...
Christian Wathne
Working on 4th property; issues now with DTI, how to get funding?
Hi Everyone, Looking for your great advice and experience I'm working on acquiring a 4th rental and am concerned that a bank won't finance me because I'm already approaching the 45% DTI limit. I'm calculating this by ...
Joe S.
How do you know if your city or subdivision allow STR
If there is not something in the HOA bylaws against short term rentals is it safe to do a short term rental in that subdivision or I should I called the HOA and ask? I’ve known one particular HOA where the person tha...
Michael K.
Why take less leverage?
When acquiring a property, is there any benefit to taking out less leverage on a property? Let's say you finance only 50% versus 70% of the acquisition price.
Why would anyone pay for a property with all cash or more...
Account Closed
Canadian Turnkey Deal
Hi I'm Looking to get into Real Estate Investing I got this Deal from a local turnkey company here in Canada from the looks of it the deal isn't good. What's your opinion?2 bedroom CondoDeal Selling Price : $269,9001s...
James Denon
Lead paint with inherited tennants
I have a 3 family under contract in massachusetts. The closing date is end of the month. It is a house built in 1914 and I just received a disclosure from the seller indicating that "seller has no knowledge of lead pa...
Ken Rishel
A Must Read by Frank Rolfe
ST. LOUIS, Jan. 6, 2016 /PRNewswire-USNewswire/ -- The following is a statement by Frank Rolfe:The PBS News Hour recently ran a segment titled "Bad Bargain? Manufactured Homeowners Feel the Financial Strain", as a par...
Satha Palani
Advice on 203K loan - pros and cons and which type
I have an offer in on a duplex in an up and coming part of the city. The house needs work and is being sold "as is" The plan is to live in one unit and rent the other one out. At the prevailing rate, provided the cost...
Joanne Basecki
Another way to access funding 4 a small rehab?
So many lenders will not touch a small deal. Could this be a remedy and if not why not?
1. Assume there are 10 investors in the City X who purchased with their own money 10 properties. Each property has ARV significa...
Steve Fitzgerald
Lease Review- Anything to add?
Here's a lease I'm working on for a property I now in CT. Anything you would add?Steve---------IN THIS LEASE the words "we", "us" and "our" mean the Landlord, ________________________.The words "you" and "yours" mean ...