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Results (27)
David Livesay Sufficient Cash Reserves
8 January 2020 | 10 replies

There are a plethora of investors with years of experiencing on this site and I was hoping to glean some knowledge. I have one single family home rental and I am currently looking to acquire a small multi-family prope...

Allen B. Sufficient experience for lending?
24 December 2020 | 4 replies

Hi all, got another question as I’m preparing to step up to multi family. What options do I have in terms of required experience?Background: I built up a portfolio of 10 SFR plus one triplex when I lived in Atlanta. T...

Daniel Tineo FHA Self Sufficient Test
23 December 2020 | 2 replies

Hello All,Is it possible to by pass the self sufficient test when buying a 3 or 4 unit property? I was approved for an 800k FHA loan based on my income alone. Rental income was not included when calculating buying pow...

Keith Myers Is my insurance sufficient?
2 January 2020 | 4 replies

I am purchasing a 12 unit building in about a week and wanted to make sure I am making a good choice with my insurance policy.  Coverage seems adequate with this policy but I am struggling to fully understand all the ...

Bryan Hancock Foreclosure Notice - What is Sufficient?
2 January 2011 | 15 replies

So we had our monthly auction in Texas yesterday and one of the deals we had tied up got auctioned off. Apparently the seller had been served notice at the property he was selling to us instead of his homestead. My ...

Konrad R. Is 10k for water damage sufficient?
20 April 2016 | 3 replies

The policy I was quoted has a 10,000 limit for backup or discharge of water. I'm concerned about a pipe bursting and ruining the floors, drywall, and kitchen cabinets. Do you think 10K is sufficient? What is the norma...

Alex Johnson LLC Name sufficient for close?
9 October 2014 | 7 replies

Need to close escrow on a transaction on Monday, October 13. It happened fast. And I need a new LLC to take title with. If I reserve a name officially, can I use that even if the rest of the process is not finished?Pl...

Matt McMacken LLC self sufficient to bank?
11 March 2020 | 2 replies

As some of you already know theres many wonderful advantages of owning real estate come tax time. For example, I’m able to show a rather small profit on each rentals due to depreciation and other expenses even though ...

Margaretha Rice Are email and text messaging sufficient
15 May 2009 | 2 replies

Are email and text messaging sufficient for contacting my evicted tenants to let them know that they will not be getting back their deposit? They are in the habit of moving without passing on their address.

Have emai...

Brad Uricchio Adding sufficient "new" value to a rehab?
6 August 2012 | 12 replies

Recently passed on a home that needed only light "ginger breading", along with a new A/C unit to bring it to market. While this sounds great at 1st, and might be just the thing for turning a home into a rental, my fea...