What would you do to avoid a negative cash flow?I m planning to buy my first rental investment property in north TX and need to get a loan.What are the strategies you would suggest to avoid negative cash flow?I m thin...
I decided to go with my agent's "recommended" lender and didn't think anything of it as the numbers seemed within reason. I get an email about 1 week ago (3 weeks from closing) from a large bank asking if I needed a q...
My wife and I are considering purchasing a small home or a condo in Panama City Beach, Florida. Basically, we see it as a decent way to purchase a vacation home that we'll use more when we're retired, maybe playing s...
Wanted to know what your opinion was on contacting more than one lender, to get approved for a loan for an investment property. I think it may be wise in case one of them gives the better interest rate or terms. Any e...
I found a duplex in my neighborhood that is selling for about 150K, fully rented out for 1300/month. Taxes are about 123/month. The tenants pays all utilities. I would be responsible for mowing/snow removal. An...
Hey Everyone -
I'm excited to share some exciting news with you. This morning, in conjunction with Chris Clothier and the Memphis Invest team, we released an important study of real estate investors, their intention...
I bought a 4 unit complex a few months ago, the previous owner had a strict non-smoking policy that was signed by each tenant. It basically states that smoking constitutes a breach of the lease and grounds for immedi...
My lawyer has mentioned a setup where a holding company LLC leases the property to a management company LLC. There would probably need to be multiple holding companies--propably one per property, but only one manageme...
Hello, I'm just starting out and doing research for my first OOS rental property. I am only familiar with conventional 30 year fixed rate loans as this is what I've used in the past for my primary residence.I've been...
Hello everyone!
For all you seasoned folks on here, if you were just starting out and were going to try and find some mentors, how would you go about doing that?
I'd love to start some serious relationships with fol...