29 November 2020 | 5 replies
Become a gifted gabber.
24 November 2020 | 9 replies
Appreciate the shoutout @Abel Curiel I would become familiar with the acquisition process and learn about the monthly expenses in your target markets - utilities, property taxes, maintenance, etc.House-hacking is a solid strategy and it's my favorite strategy for getting into the game.
22 November 2020 | 24 replies
My favorite banker in NYC, Eric Stam, who I highly recommend to anyone in NYC, looks up every address I send him and can let me know quickly what it is eligible for.
16 November 2020 | 6 replies
My life has been gifted with such an incredible gift.
15 November 2020 | 6 replies
@David Emerson if you're getting funds from a family member but it's just going to be you on the loan, the lender is going to want to see a gift letter from the family member saying it's a gift and not a loan with an expectation of being paid back.
17 November 2020 | 5 replies
Otherwise, its not the end of the world to just declare the money and the investor is effectively gifting you the funds for the down payment.You could/should be able "get around" this with a commercial loan since they don't have to follow the regulations/stipulations of a conforming loan to my understanding.Good luck.
15 November 2020 | 8 replies
Not the favorite concept for residential lenders (no W-2 income).
23 November 2020 | 8 replies
I will not go into details but if someone wanted to give me a building in San Francisco that had existing tenants in it I probably would politely decline due to the fact that you must pay tenants around 5,200.00 or more just to move into your own unit or renovate and a general feeling of tenant favoritism.
17 November 2020 | 3 replies
Also, the VA house hack is my favorite real estate strategy for investors, and I absolutely commend you on using it!