All Forum Posts by: Linda Forrest

Great input everyone and thank you ! The reason for using the HML is that the deal came from a wholesaler and they wanted cash only. We did use the BP calculator and I tried to post that info/link but couldn't get it to post for some reason. but, it seems as if at this point in time the advice is to pass and wait for another one. This conversation is very helpful ! Thank you !!!

this is what I got via the BP calculator  - can you open that? 

what would be the price i would have to pay to make it a good deal? Each unit needs cosmetic work between 3-5k to reach the maximum rent. I bought SF home last year as my first investment and I have a decent cash flow on it. I am still very new to all this that is why I have so many questions. My goal is to keep expanding rental portfolio, have been looking to buy between 2-4 unit property this year.

Hi everyone!

I am considering buying a fourplex in Dallas area, asking price is 300k, all units are currently occupied in a good condition. Rents currently total 2900 a month but could reach 3600 by looking into the other comparable units around. If i use a HML with 7.5% and 2 points. He is willing to fund 75% of the deal the rest is on me. Please let me know your thoughts whether this sounds like a deal or not. Thank you!

Searching for a multi unit ( 4-6 plex) from 305-351K. approx $3400/month in total rent - rent ready - could have minor upgrades if need be. Would use HML, 25% down, 6 mos cash supply - 2 pts on loan. I would refinance after 12-18 mos.

send me a PM or email [email protected]

HI everyone!

I am very new to this amazing business of RE investing. At the moment I am scrambling to get good leads for fix/flip properties. It is hard to find good ones out there. Having a full time job makes it even more challenging. Recently I have found few marketing companies that do marketing and cold calling etc for the investor. Most recent one I came across is Execudesk. Again since I am very time limited and do not have too much time making calls and driving myself I am wondering if it is a good idea to hire someone like those guys. If anyone has done it before please would love if you can share any feedback, thank you!!

hi! What is the address in midway hollow please? Thx 

is this under contract as well?   thank you

is this still available?