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26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
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27 January 2025 | 7 replies
If your property is residential single-family owner-occupied in a good area, the buyer has good credit, made a good down payment, and twelve or more on-time payments have been made, you'll be in the lower range.Note buyers, just like lenders, won't go above a certain loan-to-value (LTV) ratio.
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19 January 2025 | 2 replies
I started my real estate adventure by purchasing 2 single family houses in Oklahoma with 2 cousins, mistake #1.
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29 January 2025 | 6 replies
We host a lot of networking events and other groups as well such as the multi family club and the cash flow group.
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25 January 2025 | 0 replies
Investment Info:Large multi-family (5+ units) commercial investment investment.
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7 February 2025 | 4 replies
Buy a property when it feels good is when you are buying your primary home where your kids will grow up and you'll live with your family.
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29 January 2025 | 2 replies
I realize this is an older post, but my family and I run a property management company.
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11 February 2025 | 69 replies
@Rich O'Neill I have family there.
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26 January 2025 | 14 replies
There is no penalty for the tenant to end the lease at any time with a 30 day notice"...And the reason I did this is because it is very important to me, with small town circumstances and dynamics for my family in the town the rental is located in, that the tenant not be disrespectful or unfair in any way.
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7 February 2025 | 11 replies
However my understanding is that exceptions can be made if unexpected life events happen such as job relocation, eminent domain, marriage, divorce, changes to family size, deployment, imprisonment, bankruptcy etc.