4 November 2024 | 11 replies
offering now 1.25M for the 1.495M listed property, with 25% down, no bridge loan, got an 8% offer. there are over 7 offers so not sure that this will be competitive but we will see.estimating around 60k total renovation as only 1 unit needs a full reno, other 2 need new kitchen cabinetry, nicer bathroom vanities and flooring. waiving inspectionHere are the updated rent forecasts, a 2bed can rent 2200/m and a 3bed around 2500/m in this area very close to Yale, 1st year negative but after that should be good CFhttps://docs.google.com/spreadsheets/d/1bLcUAKN5j8CpIKhcBKaD...

5 November 2024 | 9 replies
What they want is a proof of funds, a plan, and a buy box.

4 November 2024 | 4 replies
You go in front of a judge they appoint a trustee and you make scheduled payments usually smaller than the previous payment until you get caught up and a head.In most cases you can rebuild your credit scores while you are making payments back to the trustee.

4 November 2024 | 3 replies
You also want to look at your liquid reserves because as you buy more rentals more PITI reserves are required and a Heloc can "Never" be used as an asset or for a PITI reserve.If you evver have any questions feel free to reach out I enjoy talking REI and I deal with them every day as Banker.

4 November 2024 | 26 replies
But it would need a BPO or appraisal to be certain and a discount would be needed on the UPB.

4 November 2024 | 14 replies
So we moved forward with the claim and a mitigation company to address the damage.

3 November 2024 | 5 replies
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5 November 2024 | 11 replies
I have an LLC and a friend of mine has an LLC.

7 November 2024 | 14 replies
Prime rate runs ~3% higher than the Fed rate but as others shared unlike residential mortgages with the prime rate there is a direct correlation and as the Fed rate decreases so does the prime rate.

6 November 2024 | 5 replies
Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.