Account Closed
$64,000 Owner Finance Deal, 12 Cap
I am new to this forum, having lurked for some time. I recently completed another owner carry deal in OH. As I posted elsewhere today, I'm doing more of these transactions due to their more passive nature, compared to...
Marissa Contreras
Who do you open your business bank accounts with?
I just created my LLCs and I'm wondering who to open my business bank accounts with. Does anyone have any recommendations for the best point system (most reward) with banking with a specific bank? Do you prefer smalle...
Ryan Tortorich
How do you deny applicants?
I have an applicant who has provided false employment information (company has no record and paystub has someone else’s name). There are a few other red flags but bottom line is that we aren’t interested. We sent a ge...
Brad Fry
Asking more for rent once you screen an applicant...Legal?
I have had a few applicants for one of my rental properties that are in my B rate qualifications box. Is it legal to offer the property for rent to a potential tenant but raise the rent from what I had originally adv...
Devin Bost
Legal under RESPA to control loan officer used?
I heard that it can be advantageous for a real estate agent or broker to ensure that buyers are required to use the broker's recommended loan officer or mortgage company unless the buyer is willing to provide an addit...
Ronald Logan
Question about Pre-qualification for REO
Hello Folks-I have a question that I am not sure if there is a simple solution or if I need to go thru a long process.I have submitted an offer for an REO and they are asking for Pre-qualification information.The chal...
Raid Murshed
Buying A Condo or Co-op as investment property?
Is it better to buy a Co-Op or condo if you are trying to get rental income? I know for co-ops some board members will not allow you to even rent your co-op. I live in New York, I want to start investing but co-ops an...
Corey Meyer
Need financing fast for $189k Big Sky, MT studio STR!
The perfect property that checks all my boxes for a short term rental just hit the market today and I don’t have financing in place!I would like to put in a full price offer on a studio near the ski area of Big Sky Re...
Chris Roberts
Qualifying STR Income For Refinance
I'm trying to get a HELOC on my primary residence but am having trouble because my DTI is too high due to the mortgage on an STR. It has significant rental income for 2023, 2021 and 2020 (none for 2022) but since it d...
Benjamin Forest
Need a CPA for the First Time -- Advice on Finding the Right One
BACKGROUND: I own 6 properties in 3 states (CA, AL, and TX), plus I moved to UT this year. This means 3 state files (nothing for TX) plus the federal. I can handle all that in my taxes as I have for years... BUT I did...