14 October 2021 | 2 replies
If the more expensive 3500sq ft house was going to prevent me from getting another loan down the road because it added an extra $150,000 of debt I might stay in the existing house for a while longer and buy the 2500 sq ft rental house.
14 October 2021 | 2 replies
Does one on one mentoring exist now days or does everyone just do large groups instead?
24 October 2021 | 2 replies
@Kendrick CarterI would suggest following the @the203kway on Instagram.If you plan to spend more than $35k in renovations or there are structural repairs, you will be required to use a 203k HUD consultant - who is a great resource throughout the entire process.In my opinion, building a cohesive team is most important - below is the path I followed:1) 203k HUD consultant > asked for lender referrals 2) 203k Lender > prequal letter provided 3) 203k Agent > had personal 203k experience and completed transactions previously4) Offer Accepted & Under Contract > completed HUD walk thru and scope of work provided 5) 203k Contractor > asked for referrals from everyone, and the one I found was currently working on 203k projects and understood the process I am now just awaiting the contractor quote to finalize the loan commitment process!
21 October 2021 | 5 replies
My wife and I are committed to purchasing our first long-term investment property within the next six months.
14 October 2021 | 0 replies
Took deed sub2 existing financing (VA loan at 3% fixed) How did you add value to the deal?
19 October 2021 | 51 replies
Before you two buy anything, she needs to be The One and fully committed with you in this investment journey.
17 October 2021 | 13 replies
Is it worth it to take on the extra work, existing or potentially new local ordinances, and seemingly new daily competition for a higher return or have I already missed the boat?
5 November 2021 | 3 replies
I really like Central Point for owning existing multifamily and own units there myself.
17 October 2021 | 1 reply
Im in the Pittsburgh market, I have a 14KSF lot that I want to maximize. It currently houses a 2214SF side by side duplex with attached garages. I want to convert a large parking pad and some grass into a detached 2-3...
18 October 2021 | 3 replies
I left biglaw earlier this year to take an in-house job with a (MUCH) better lifestyle but lower long-term earning potential.Household Income: $365 guaranteed, $440 if I hit my bonus and include our rental (bonus is a target of $60k but is not guaranteed, rental grosses $15k though we net less after taxes/expenses)Net worth: $1.15M: Cash-$390k, Equity in existing rental (out of state)- $200k, college savings $30k and retirement accounts - $520k, no debt (both cars owned outright and rental doesn't have a mortgage).Current Housing – We live in a HCOL where we rent a 2bd/2ba condo for $3.1k.