Account Closed
Struggling to pull together financing for a 9-plex.
1 April 2024 | 4 replies
Honest opinion - this seems like a great opportunity for you with 70% LTV at 5.5% for a property this type/size - I would be very very careful if you need to get the other 20% as a relatively new investor - someone willing to lend the remaining 20% could easily take advantage or come up with terms that could cost you - definitely depends on the further info - but tapping the equity of your current rentals and taking down the full 30% equity stake in this acquisition would probably be the best bet
Alexandra Berman
BRRRR - financing / loan question
1 April 2024 | 6 replies
Hard money where they finance the purchase price plus 100% of the renovation budget is your best bet.
Cillian Kelly
How often do you recast your mortgage?
1 April 2024 | 4 replies
One thing to note is by paying it down, it can hurt liquidity so if that is an issue, keeping it in a bank account would be a better bet, but if liquidity not an issue, then I agree 100%
Bryan Nwokem
What should I do ( FIRST POST)
2 April 2024 | 45 replies
Something like EaDo, midtown, maybe a small fixer around the heights (more heights adjacent than heights proper due to the budget) that is not betting on the neighborhood turning make the investment work.
Palani (Pono) Wright
How to calculate insurance when analyzing deals
31 March 2024 | 12 replies
Your best bet would be to call an insurance agent and ask for a quote.
Aryan Strauss
Evicted for smoking off property?
1 April 2024 | 11 replies
You're just a bad bet, and the longer you stay, the more pervasive your stench will be in the unit.
Jay Hinrichs
Chips Act Path of progress investing is where the big dollars are made Oregon
1 April 2024 | 39 replies
I think it's fine to risk a small portion of your net worth on a gamble, but everything else means betting the farm.Speaking of farm, here are 50 acres in Hilsboro for $3M https://www.zillow.com/homedetails/NW-West-Union-Rd-Hillsbor...Dang, maybe if I..?
Shawn P Kontrec
Possible to get hard money for a mobile home flip or BRRRR?
1 April 2024 | 15 replies
Your best bet here is to flip it or do some kind of rent credit program.
Keeya WangJones
Real Estate Market Crash Preparation : DSCR
2 April 2024 | 26 replies
You know, I'd probably bet you're right, but no need to be a d*ck about it
Lisa Thoele
Setting up a tiny house community like a mobile home park?
1 April 2024 | 59 replies
Echoing Dave, your best bet is to approach people off-market; many owners of such land might not realize what they have.