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6 August 2024 | 5 replies
We spent money on the inspector, the appraiser, and the lawyer.
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6 August 2024 | 5 replies
I considered ordering the lender's inspection/appraisal, but this wasn't an option because the water and electricity are currently turned off, and HUD won't turn them back on until I have submitted earnest money of $2,000.
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6 August 2024 | 38 replies
I actually moved from Portland OR to Columbus OH because of the amazing market.
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6 August 2024 | 2 replies
It's so easy that you really don't need anyone, but an escrow company involved in the transaction, so you would be saving lots of money.
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5 August 2024 | 15 replies
This process allows you to get a new mortgage for the purchase and roll any cashout from any equity (whatever is leftover after the existing mortgage is paid off on the old house) as the downpayment - all without having to actually sell the old home first.
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6 August 2024 | 6 replies
I have purchased a set of 4 properties in Salem NJ and need to refinance them all to pay off private money lenders.
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6 August 2024 | 9 replies
When you say you are paying them - is this money going directly to them or into an escrow account?
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7 August 2024 | 6 replies
Make sure that the tenants are actually paying rent and making payments on time.
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6 August 2024 | 4 replies
If you form an LLC you can use hard money for rehab projects or DSCR 30Y rental loans for stabilized rent ready properties.
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2 August 2024 | 14 replies
How does one start lending their own money to other RE investors?