I don't think people use binders in commercial real estate, but maybe that can be used before going to contract?

I think the IRS might tag this as fraud.Talk to you Title Company.

Hello All, I took another look at their website and was trying to understand the difference between the individual Notes and the Funds.Am I correct in my thinking that ONLY Accredited Investors can do the Note Funds, while Individuals can do the individual notes?

For a land cost of $150k, how would you think about how much the completed home would need to sell for to make that land cost worth it?

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

If I were down there I would think about setting up a food truck or 10 or 20 and serving breakfast burritos 24 hours a day with some good hot coffee.Just my 2 cents.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable.

I’m 23 yrs of age, so not too young or old, I don’t think.

Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant.