Brandon Weis
20-25% Required as Down Payment on House Hack
I just had a bank tell me that per new Fannie guidelines, the minimum down payment on a 3-4 unit is 20-25%, even if it is bought as a primary residence. Personally, I think they are wrong. I think they are just an ext...
Jyotin Gautam
Question about getting FINDER fees in California from out-of-state realtors
I want to work as a Finder in California but do not have a DRE license. I am able to find clients who would be interested in buying properties in other states - for example New York, Florida, Texas or Ohio. I'm pret...
Tom LaRocque
Higher deductible killed conventional and FHA - Now what?
My condo is an HOA that is suddenly non-warrantable for conventional financing. To save money, management raised the wind and hail insurance deductible from 5 to 10 percent. That exceeds the 5 percent max allowed by ...
Sean Hangley
How to research which towns ban STR’s
Hey everyone! Is there a way to easily research which towns and municipalities restrict short term rentals? So far the only way that I have been able to discover this is by calling up the town… but maybe there are web...
Deb Smith
Is saying no to Roomates discrimination
Am I allowed to say I don't rent to Roomates? Is that discrimination
Rigo Medina
Seller Financing
Would someone help me understand why someone would want to seller finance a home they are trying to get rid of? If I was selling a home, I would want my cash now and would not want to be tied to the house or loan for ...
Jennifer T.
Anyone doing Sec 8 rental in Indianapolis?
I'm analyzing some deals and getting very different numbers from different people for Sec 8. I was told that Indy just increased the payment standards for Sec 8 this year. However what they will pay for a specific pro...
Peter Bras
Inventory Management System
Is anyone using a good inventory management system to track supplies in your STR? Admittedly I am a tracker and love to analyze mundane things like burn down rates to predict when I need to bring more supplies to the...
Chase Rule
Low money down options
A mentor of mine with 400 units had said I can use a large seller credit to cover most of the down payment on a property I'm looking at. The DSCR lenders and Commercial bankers I've spoken with don't know what I'm tal...
Mark Yuschak
Getting the 2nd to clear
My wife and I are in the process of trying to buy a new home for us. The house we want is a short sale and the agent has her claws right in the deal and refuses to allow me to negotiate with the lenders....whatever.....