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20 January 2025 | 3 replies
Question- do I keep the heloc I have and just pay it down or do I get a heloc on the rental property to pay off current heloc and go forward with another property?
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6 February 2025 | 10 replies
Your drive and determination will take you far—keep pushing forward, and success will follow!
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3 February 2025 | 11 replies
Quote from @Ricardo Lemus: Hi there,You guys probably went thru some of my post already and even help me with some experiences - Thanks a lot :)This time, after 6 months on this, I think part of my brain is saying that somehow I am in the right direction, and the other part is saying something is going on with the rent price I have set for my properties.
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12 February 2025 | 6 replies
But it does not mean it'll re-assess to the sales price.
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25 February 2025 | 14 replies
Here are some thoughts.How big of a discount did you get on your purchase price?
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2 February 2025 | 3 replies
I am wanting to get more into the flipping side since I have leverage and can do the rehab at a fraction of the price compared to somebody else.
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22 January 2025 | 7 replies
You can let applicants know they’ve passed the screening and move forward with showing them the property, making it clear that the lease is only finalized after the viewing.
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14 February 2025 | 6 replies
It’s also worth getting pre-approved for financing to ensure you can handle the property’s price and upkeep.
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23 January 2025 | 8 replies
Then I p;an to move out and find another project.I am excited to join the forums and learn from the vast wealth of knowledge on here, as well as (hopefully) benefit the community with some of my own learnings.Look forward to the journey.Franklin
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8 February 2025 | 18 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.