Nate Pucel
Paying insurance payout to contractor in cash
I received an insurance payout for a damaged roof on a rental property and the contractor doing the work is offering a discount for cash payment. Does this make sense financially? If the payment is considered a busi...
Kyle Gay
Hard Time getting financing..............Ideas Anyone?
I'm having a hard time finding a affordable way to turn my current house into a investment property. It is on a arm and a 30yr payment is to high for a renter in the market its in. I thought of just refiancing the 2...
Vedran Sehovic
Refinance (Cash Out) for Financing
Hello AllI have concrete issue at hand. I am looking to invest into a rental property (or multiple) and looking into financing options.I have 46k in savings and I also have the option of refinancing my current home an...
Abulele Woldulele
Should 1% be on asking price or on asking price minus down paymen
Hi guys,I have 3 questions about the 1% rule for rental properties. Is the 1% computed on the asking price or is it calculated on asking price minus down payment?Consider the following scenario:Asking price = selling ...
Roschelle McCoy
Placing judgment against prior tenant facing bankruptcy?
A prior tenant moved out quite abruptly in the middle of a lease period owing about $2K in back rent and lease break fees (specifically outlined in the lease). I've been communicating with the tenant over the past fe...
Brook Rieman
Owner financing terms
Hi there, my husband and I have found a small multi-family that we are interested in. It sounds like the owner might consider owner financing it. Can anyone share some insight on what terms would be appropriate? We b...
Sean Mcdonough
Need advice...please help.
I am starting out and I am using a HELOC to due so. the HELOC is only for 25,000. In my market there are plenty of options for positive cash flowing properties within the budget. My question is should I do the brrrr m...
Ryan Chandrapaul
Purchased my first investment home - What should my next move be?
I recently purchased a condo in San Diego, CA (92104) the home values here are continuously raising above average. I got the condo for $375,000 on 5/24/2018 and want to start aligning myself to make another real estat...
Noah Pruett
First Time Hard Money Loan
I am trying to secure funds for my first flip. All of the lenders I have found are requiring a %10 down payment. Are there any lenders that will lend based entirely on the deal equity and not require a down payment....
Gregory Hatcher
Is house hacking mandatory
I'm new and I have 1 rental looking for a multi-family property in Baltimore Maryland. I just brought my new house which allowed me to rent out the old one. Do I really have to live in the multi-family house if and wh...