3 March 2016 | 1 reply
Practice connecting by reading and posting more while you wait for the next REI meetup on the calendar!
16 December 2022 | 37 replies
Being flexible, able to relocate is a benefit.
18 December 2022 | 4 replies
Out of curiosity, what expenses do you use to find the max purchase price using something similar to the 70% rule or whatever other practice you use to find the max purchase price?
7 December 2022 | 7 replies
Yup, this would be the best practice.
9 October 2020 | 148 replies
My concern is that a newer investor may risk their earnest money or may be on the hook on a deal (liquidiated damages up to 3% max on CAR RPA's) because they passed their contingencies or other while being lead to believe they could have qualified.Its like banking on a hail mary...As for FHA second use, the above sounds all woo woo and easy but I just did one of these recently and the underwriter wanted 25% equity on the vacating property (first FHA property) in order to qualify at "all," using one of the four exceptions for a 2nd FHA loan ( 1) larger family, 2)separation/divorce, 3) cosignor, 4) relocation because of employment).
26 October 2022 | 5 replies
The market rents are a valid source of income to list.Other than that at the moment, the previous replies make practical sense.You might look onto FHA loans also, but I am.not versed in its application to multis.Much success!!
7 April 2019 | 2 replies
I'm told we had a unique closing due to some seller side issues, one of which was relocating the wrong tenants!
23 December 2022 | 6 replies
Obviously a revamped health club, you could take down walls between the racquetball courts to have other uses; 20' tall rock climbing walls, pickleball, practice rooms for local clubs and teams, an adventure park or entertainment park.
26 December 2022 | 16 replies
Here are a few examples, divorce, job relocations, health issues, foreclosure pending, and a long list of issues that affect the emotional stresses of their lives.
6 April 2018 | 22 replies
I see other landlords around me in low ball battles, practically giving their properties away, 1 month free, no deposit, etc and I raise my rents every property based on having a newly rehabbed and updated property, and I may not get as many calls, but the calls I get are the ones who want to pay a little more for a better property.