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Results (10,000+)
Johnnie B. Wright No money down deal with BRRRR strategy
25 May 2021 | 7 replies
Maybe if you've done 50 deals and they know you are safe, but as a newer investor there are no ways to do this in the real world.In the day before the GFC this is how all OOS turn key worked:WEst coast marketing companies would get buyers  ( these folks are still in business as we know)rehabber in the market  Pick any turn key market would find a home that they could buy rehab and sell at 65% ARV  which today pretty tough but in those days my company did close to 2000 of them as the A and D lender.So we would require ONLY 1k down from the borrower  ( so not no money down but pretty close)  I would fund the purchase and rehab the rehaber in the market  say Detroit Chicago Memphis Jackson KC Indy those were all my markets. would do the rehab and once it was done they would do a refinance now my LA based buyer was already pre approved for the take out ( REFI) Just subject to a 442.. we routinely spun these deals in 90 to 110 days start to finish.. the LA based buyer would then do a 75% cash out refi and pay me off  and they would normally pocket about 5 to 8k in cash that was to be used for reserves.. so no money down and actually cash out.My flipper made his money the west coast marketing guys got their commish and I made my fee's on the HML..  
Account Closed Is this acquisitions commission normal for wholesaling?
16 May 2021 | 4 replies
Does anyone know if this is a low commission structure or normal?
Henry Clark Self Storage- Subdivision as Collateral
25 July 2022 | 37 replies
Another option if it fit your lifestyle would be to sell your house and make a larger than normal office/home as part of your self storage location. 
Daniel Molina Selling a home - capital gains
16 May 2021 | 8 replies
If the home was less than 1 year occupied than normal income tax rate of 22% (70k x .22 = 15,4k). 15.4 + 7 =22.4k.
Matt Madsen Investment Property Interest Rates
25 May 2021 | 1 reply
From my research I have seen multiple places indicating investment rates were normally only 0.5% to 0.75% higher. 
Andre Taylor-Domville Nonpaying holdover tenant
27 May 2021 | 7 replies
I don't want to be the bearer of bad news but in good old tenant Haven NYC it can take a year to get tenants during normal times.
Brett Schmidt 20 year vs 30 year mortgage
19 May 2021 | 14 replies
@Brett Schmidt normally I would recommend 30 but your return will be much higher with the 85% LTV loan most likely compared to 75%.
Jeff S. Coming out of Portland Oregon
17 May 2021 | 1 reply
According to Diana Olick of CNBC, “Despite being on the cusp of the historically busy spring housing market, homeowners are not listing their properties for sale at the pace they normally would this time of year.
Michael Lewin International Co-signers ...
18 May 2021 | 3 replies
I have seen some lenders accept foreign signers on non-recourse loans but they require the signers to have 2x the net worth of the loan instead of the normal 1x the net worth of the loan.