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Results (10,000+)
Donny Sikes New Duplex Build 1st Investment Property
25 September 2024 | 2 replies
Even with 200K down on a 15 year fixed, It's barely $160/month cashflow positive.
Larry Nielsen Section 8 or Traditional Rental?
25 September 2024 | 14 replies
They always pretend to be confused and just want us to send someone.7) Some will cause damages that S8 won't require to be fixed, but will threaten to move if you don't fix it.
Karolina Powell First time interested in a larger multi-family - how do I verify financials?
26 September 2024 | 17 replies
An estoppel certificate fixes this problem.
Jason Sung water on master bathroom floor. what maybe the cause?
24 September 2024 | 4 replies
Hi all, For a rental home, tenant says bathroom floor keep getting wet, even though it is small amount. at first, they thought they dropped some water. after wiping water, however, it keep coming back and now they think there is some water leak. my plumber went to check and found no issue with bath sink. he thinks it must be shower leak. the shower was redone last year by a contractor, who i ended up firing since he did not show up to work later. anyway, i hired water damage restoration (Servpro) company to check how much damage there is now. unfortunately, based on my research, it is very hard to find source of shower leak. i am thinking of rebuilding shower. i hired a kitchen remodel contractor and he gave me two options; either fix shower pan only, or (optionally) rebuild shower as well. 
Nathaniel Dean Morrison Looking for local wholesalers
25 September 2024 | 8 replies
Facebook Groups tailored to wholesale / fix and flip / etc2.
Phillip Bernier Lenders + seller 2nd's = Justin B-BRRRR?
24 September 2024 | 6 replies
The initial goal is immediate cashflow that will quickly increase as we fix-up and/or lease up the properties.
Nicole Harrington This one was beginning of 2024
25 September 2024 | 1 reply
Investment Info:Single-family residence fix & flip investment.
Joyce Kim Personal financial hardship - HELOC vs Home Equity Loan?
25 September 2024 | 12 replies
@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.
Logan M. 2nd Delivery of a legacy home, 9 more to go!
25 September 2024 | 4 replies
We were able to get financing through Legacy Homes, the terms are roughly 10 years with a fixed rate of 7.9% for the first 2 years then Walstreet Journals Prime plus roughly 4% (Kinda pricey after two years potentially), 10% down which covers the home, taxes and transport.I have a third home coming in tomorrow and then I will stagger them out.