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Chase Webster New to the Game...Several Questions

21 January 2017 | 11 replies

You could always go private money if you -really- want to go there, but if you are "new to the game", then I'd heavily advise you against brand new construction without either a construction or engineering background or if you are heavily banked.At 80-100k equity, you could turn that into 135-170k of buying power with bank financing at around 60% LTV (I'd be conservative if this was your first time going at it to make sure you will cashflow and establish that to keep working with your banks).

Adam Jaken What part of the country is there a better return then 6%

9 October 2016 | 39 replies

Also keep in mind most people that are boasting their rate of returns don't seem to be saying if the properties are Class A, B, C, or D.One of the things that I do is look at my portfolio as a whole, I have brand new construction in Class A areas, in addition to Class B, and Class C properties.

Stephanie Medellin Need Some Help Appealing an Appraisal

2 October 2016 | 9 replies

Joe's brother-in-law buying Joe's house at a short sale would be a huge red flag for fraud.I think the biggest arrow in your quiver is #1, and your most probable path to success is to order a fresh appraisal with a fresh opinion of value, and once it comes back go to your (or the end-lender's) appraisal department (not the AMC, the lender's internal folks) and argue that the new appraisal is more credible than the previous one because of #1 ("if the appraiser didn't even go to the comps for a quick drive-by photo, who knows what else he didn't even actually do?")

Marian Smith Just a paint color tip for other color challenged diyers.

28 December 2016 | 21 replies

If yes, you are welcome to choose one of the colors I matched up to colors used in brand new houses in my area....or use the colors as a spring board so as not to go too dark/light gold/gray.

Letitia Glenn Tenant wants to paint house exterior in lieu of Security Deposit

4 October 2016 | 29 replies

If he moves out and leaves damage to the property, a fresh coat of paint won't help you too much.Personally, I'd treat "Joe the Painter" completely independently from "Joe the Tenant".