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Results (10,000+)
Graham Lemly Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Ashley Snider Hello! Starting on square one!
6 January 2025 | 11 replies
A prudent investor doesn't seek quick riches through shortcuts.
Agatha Oliveira Philadelphia Tax Foreclosure Auction Time for receiving deed
19 December 2024 | 5 replies
Do you have any anecdotes on the timing for it to be recorded?
Kedric Naylor Newbie real estate investor here
27 January 2025 | 15 replies
I would love to scale quickly.  
Devin James To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
Quote from @Shiloh Lundahl: Goals shift over time.
Bradley Benilevi Please Explain Rent To Price Ratio
9 January 2025 | 4 replies
The rent-to-price ratio is a quick way to measure if a property might cash flow.
George Jackson Skip Tracing Resources
10 January 2025 | 2 replies
It’s especially useful for prospecting foreclosures or expired listings.TruePeopleSearch (Free): If you’re working on a budget, this is a surprisingly helpful resource for quick lookups.That said, any platform can work if you use it consistently—it’s all about staying persistent.
Tyler Koller Baselane Vs Stessa
16 January 2025 | 31 replies
You can easily tag each transaction using categories that synch to your Schedule E for tax time.
Ariel Betancourt New Student of Real Estate Investment
24 January 2025 | 7 replies
A prudent investor doesn't seek quick riches through shortcuts.
Gabriella Pellolio 1st Property - Built Equity, What’s Next Step?
3 January 2025 | 7 replies
Spend some time considering how the repairs will get you a return on investment.