James Daley
Need help seeking BRRRR lender for my deal.
17 June 2024 | 6 replies
This is going to be a very tough scenario, I suggest you stop putting money into this deal until you get things sorted on the financing side.I would also be very careful with and sketical about any offers for 100% financing... it will not happen, they are lying 99.99999999999999% of the time.The only realistic way would be for you to find a private investor to come up with the down payment for the mortgage but a down payment will be needed.90% LTC is theoretically possible through a flip loan but in order to reach that level you would need to have a lot of completed projects under your belt over 2 years.20% is possible but with 25% you would have a lot more options.That is part of the issue with this transaction...The other issue is with HOW MANY loans you are seeking...This is not 1 loan because this is not 1 deal...You need 3 loans because you are doing 3 separate transactions at the same time with the same seller.Blanket loans do exist but they are not widely available.Each folio number is a separate deal...
Tricia O'Brien
Easy Steps to Setting up Mobile Home on Land??
15 June 2024 | 6 replies
I'm looking at buying a vacant lot, then getting a used single wide mobile home for it.
Glen Olson
Portfolio management vs time management
16 June 2024 | 2 replies
You'll have them paid off by the time you retire and will enjoy a significant boost to your retirement income.Generally, you want to grow your portfolio wide (more units), before you go deep (paying off).
Angel Lomeli
Selecting out of state market
15 June 2024 | 6 replies
I've noticed the forums provide a wealth of knowledge from individuals investing in a wide variety of strategies and feel this is the best place to start.
Don Konipol
Tax liens and Mortgage liens
16 June 2024 | 40 replies
It's accurately assessed for 45k next to the train tracks and has a 16 foot wide easement right through the property.
Wale Lawal
Is Katy, Texas Great Place To Invest for Out of State Landlord?
13 June 2024 | 1 reply
Diverse Amenities and Lifestyle: Katy, Texas offers a wide range of amenities, including shopping centers, restaurants, and recreational facilities, enhancing the quality of life for residents and making rental properties more attractive.
Rodney Swindle
Converting a mobile home to SFH
13 June 2024 | 3 replies
Despite it not looking like a mobile home, the realitor said it was listed as "double wide" So..
Will Sifert
Another state making changes to their tax sale laws (Louisiana)
17 June 2024 | 13 replies
There will be a state wide election in December to change the tax sale laws.
Joe Whitley
Community Wide Home Owners Insurance
10 June 2024 | 1 reply
One thought is to reach out to the HOA and negotiate a community wide package contract with a single vendor for Home owners insurance.
Alex Zweydoff
Why Landlords and Investors Should Use a NARPM Member Property Manager
13 June 2024 | 9 replies
Although NARPM may not be widely known, it still carries significant weight.