LaMancha Sims
Why Use A Hard Money Lender
The hard money loan is considered asset-based financing. This simply means that the person who is borrowing uses the physical property as security in exchange for financing. This type of transaction mostly involves re...
Vernon Calhoun
New from Monterey, Ca
Hello, this is my first attempt in learning about real estate. My background has been high school education/coaching (special education, pe, health, football) for the past 7 years. I have been interested in finding aw...
Sandy Uhlmann
Selling a Rental Home on a Lease Option: Can I offer to pay a portion of closing costs without violating DF?
I have a rental home that I now wish to sell. I renovated it after my tenants vacated and it is now totally updated. Unfortunately, it is priced a bit higher than the rest of the neighborhood and it has not sold yet...
Jay Koch
Owner Financing: Five Costly Mistakes to Avoid
1. Not getting a big enough down payment
When structuring a deal, you need to be thinking of not only what will go right, but what might go wrong. You may think you are helping out the buyer when you finance 100% of ...
Marcus Holloway
First BRRRR Commercial loan
I'm completed the rehab on my first planned brrrrr deal. It's a SF I own outright in a 50/50 LLC partnership.
The home was in total disrepair so we had to strip it down to the bones.
In the current climate, we kne...
Sam Abazari
PRE-QUALIFIED VS. PREAPPROVED: WHAT’S THE DIFFERENCE?
A very common question that we get asked as our clients get ready to buy a home, is what is the difference between pre-qualification and pre-approval? Are they the same? Is one better that the other?
The truth is the...
Varun Vemulapalli
Lenders and new LLC
Hello all,I am looking for a solution to a problem. I am Varun bought couple of long term rentals and two STRs last year on my personal names. This year me and my wife looking to close my primary home which 900k with ...
Mike Schorah
What happens when a HELOC gets called due and you can’t pay it?
Or will they just lower the amount if you were to have negative equity?
Obinna Kanu
Buying with high debt-to-income ratio
Good day everyone. I am in the market to buy my first rental home but due to the mortgage on my personal home, my debt-to-income ratio is relatively high. Is there a workaround for the debt-to-income ratio issue? What...
Keenan Steverson
Screening tenants - 3 times the rent - their Gross or Net income?
When screening tenants, income is at least 3 times the rent (traditionally). Is that 3 times their Gross income or Net income? I assume Net, but being a rookie, I don't want to make any assumptions. Thanks!!