Learnt some interesting stuff today. For using an on 3&4 unit MF, you cannot use a gift as cash reserves. I believe you need at least 3 months of cash reserves (at least according to 1 lender). BUT! You can use th...
A few years ago if a tenant owed you rent or damaged your property you could enter the premises and “hold” certain items. It’s an old law I believe but was still could be used. It’s so old you couldn’t take their goat...
I'm looking at increasing my deal volume by bringing in an outside investor for house flipping. The target would narrowly be SFHs needing cosmetic repairs (i.e. flooring and paint), can be rehabbed in less than one mo...
On another post which we kind of derailed, we got into discussing creative financing techniques and clauses some of us use in notes secured by real estate. You can read more about it here:
Original "Motivatio...
Hi everyone, I would like to start by thanking everyone for participating in this forum full of knowledge. I have been lurking here for the past few months, and finally decided to start an account.
Some background: I...
Anyone have any thoughts on this?
My 2 favorites I know of:
-PayPal'ing the cash to myself (3% fee). Although they've given me a slap on the wrist for this.
-Amazon WebPay'ing the cash to...
Helping those who are starting out.
So, my first post here - please don't be reddit! :)I have rented the current house for almost 5 years. I've fixed pretty much everything unless it was over my skill set (replacing capacitor on A/C system, for instanc...
Hello friends, I have an off market property under contract in San Antonio I need some insight on. Summary:Out of state owner, wants to retire and cash out rental property in SA.Under contract @ 125k. If we find a wa...
(Apologies for the long-winded post!)My second remote rental rehab is in the books! Here's my journey and lessons learned along the way! Photos/Quote Details provided! Shout out to @David Greene because if it wasn't f...