All Forum Posts by: Lorraine Martin

I wonder if there are companies out there that buy doublewides specifically from peoples properties? 

Hi All, My brother in law is looking to build on his property. He currently lives in and has a double wide (3 bedroom/2bath) and they are trying to see if there is a company out there that will buy the double wide/remove from his property? Any ideas?

Hi All, My brother in law is looking to build on his property. He currently lives in and has a double wide and they are trying to see if there is a company out there that will buy the double wide/remove from his property? Any ideas? 

Does any one know about a good amortization schedule? trying to see how much we would save over a period of time if we put X amount of money towards payment and how much we can save in interest over time. 

Hi All. I have two rental properties, and looking to grow my portfolio and make it my business.  I am meeting tomorrow with my CPA and wanting to just ask him questions to better understand best tax saving strategies and ways to think out of the box from a tax prospective.

Any good questions you advise to ask my CPA? Wanting to learn and be held accountable to make the best choices in my business!

 We haven't really ever met before to talk about real estate. He has done my taxes for 2-3 years now. 

I live in Appomattox, VA. (about 30 mins from Lynchburg) I am struggling to know how to get started in finding foreclosure deals. Do you have any suggestions on who to talk to or make connections with? Any good websites worth investing in to find deals? This market is like we've never seen it so maybe there just isn't going to be foreclosures much available anytime soon. Open to any insight... thank you! For now, I am just looking on MLS.

Its In lynchburg, VA

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Hi everyone! My husband and I are thinking about buying another rental investment and this one looks turn key ready. Thoughts on if it is a good rental long term investment? 
Thanks! 

Is a HELOC better for quick deals, ones that you need to pay full cash for right away? Then once they buy the property with the HELOC loan.. do people usually do a cash out refinance and buy more?

We just foresee us paying a lot more interest over time with a cash out verses a HELOC?..

How much equity do you have to have in a property before you can do a cash out refinance on it? 

We have a property paid off with about 300,000 equity in our investment property. Single Family Home. 

Should we do anything with the equity in that house and borrow against it to buy another investment property? If so, what kind of loan should we take? Most loan officers don't do HELOCS on investment properties... I will say we have a HELOC on this house right now for 85,000 and it is being used on nothing. So I do plan to use this first as a down payment if we find a investment. This line of credit ends in 4 years though.

We also have our primary residence paid off and that is a double wide though. Any approach we should use with this property to buy a future home? 

Or just get a regular conventional loan with 20% down payment. (we have cash that we can do this)