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30 January 2025 | 5 replies
I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals.
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28 February 2025 | 9 replies
THat we have seen (but you pay a hefty price to borrow for that type of thing) which is basically borrowing at credit card rates so you need to have a locked in buyer on the back end.Other option is an equity partner as you mention but lets say its worth $750k (not sure value) - maybe get someone to put in 25-50% max. but they will want a considerable portion of the upside and want to see a definitive exit strategy.
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11 February 2025 | 5 replies
Gives you more options.- at year 7 if value appreciated a lot, can i do a HELOC on it and use that HELOC to pay off the balloon - probably not due to lien being secondary etc on helocYes on the HELOC, but it would probably be easier just to refi and pay off the seller, and cash out more money too.Hope that helps and good luck!
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27 February 2025 | 12 replies
I don't have personal recommendations but a Google search of "eviction attorney San Diego" turned up a lot of options.
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30 January 2025 | 19 replies
I’d focus on property types that align with my strategy, leveraging financing options that fit my budget.
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26 February 2025 | 15 replies
Since you're putting 15%-20% down, a conventional investment loan will likely be your best option.
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31 January 2025 | 5 replies
Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!
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26 February 2025 | 24 replies
One of those options is to let the tenant know you won't renew their lease, then offer them the opportunity to leave early if they find another rental.
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30 January 2025 | 5 replies
I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much.
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29 January 2025 | 5 replies
I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.