Lyndsey Keller
Rent due on the 15th?
The mortgage is due on the 1st. I'd like to have the rent due on the 15th. While I do have funds set aside to pay the mortgage in the event that rent is late, I like the little safety net of not having it all due at t...
Hen Ry
Loan for Commercial Income Property
Hi all,
Here in CA, anything over 4 units is considered commercial. I have the cash for a down payment on a small apartment building (6 units or so) but my credit is shot. Since this is an income property, how import...
Terry Royce
Contractor Deposit
I had a recommended roof contractor lined up to do a full roof tear off and replacement for 6600.
We had hammered all the details out and he was supposed to start this thursday 11/20. However, they wanted 1/3 deposi...
Ericka Mizuta
Writing own note on a investment property
Does anyone have experience with writing my own note on equity that is in an investment property? I have a few rentals that all have equity (as well as my primary residence). I would like to use this equity to re-in...
Angela W.
First Time Buyer - Checklist
Here is an article I wrote: Texas Closing Checklist for Every New Homeowner
Angela Walter, Texas Attorney - If free to message me if you have any legal questions!Whether you are purchasing your first home or the next...
Isael Galarza
Earnest Money
How much money do you guys put down as earnest money when putting a home under contract? Or what is considered typical?Thank You
Sundar Krish
GOLD assets - can it be counted towards reserve requirement for a mortgage
Hi, I am trying to buy my 5th home (existing 1 - primary, 3 other investment). I am aware that Fannie Mae has reserve requirements for home 5- 10 and in my case I have to show six months of reserve for all 2nd -5th h...
James Angelica
Private lender deal structure
I am working out a deal with a private lender. Initially she was going to fund my flips using IRA funds and we would split profits 50/50. Now she would like to borrow funds secured from her brokerage account @ 4.75%. ...
Skye Penland
50k in hand, what next?
Hey guys!
So we sold a property and rolled part of the funds into an STR in Tennessee. We have 50k left over and are unsure what to do with it now. We can not get traditional financing at this time because we have 3...
Igor Nastaskin
Fourplexed leased to drug rehab business - good idea?
Hi, I came across purchasing a fourplex under master lease by a residential drug rehab business. Master lease is for 2 years followed by 2 year renewal option and rent escalators. Owner of this rehab owns several reha...