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20 March 2018 | 13 replies
Are there any examples on BP that I can easily find so I can get a general knowledge of it?
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25 March 2018 | 13 replies
If interested let me know and I can send you an example of one available now so they can see the structure, etc.
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20 March 2018 | 5 replies
Note also that when you go to refinance with a conventional loan in your personal name, the title needs to be held under your name for at least 6 months for them to do a fresh appraisal.
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10 May 2018 | 4 replies
Here is a specific example I am looking at now:Purchase price: 75kAnnual tax: 1,670ARV: 200kPurchase Closing Cost: 5,295Estimated Repair Cost: 25k----Loan---- (Here is where it gets a little tricky for me, see below)Down payment of purchase price: I am getting offered a HML for 90/10.
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24 March 2018 | 5 replies
For example, if you think you can make $35K post rehab if everything goes perfectly and you get the price you believe you will get, then getting $30K for a quick as-is sale (more than likely to an end user) makes more sense and takes away the risk of unexpected problems during rehab and/or the appraisal issues I mention.
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20 March 2018 | 2 replies
Flying off the handle can get you in trouble.For example, not renting to those in the military is against federal fair housing laws.
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20 March 2018 | 10 replies
If she moves out the next tenant will start fresh knowing there is only one parking space.
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20 March 2018 | 8 replies
That is the case in all of the examples described.
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23 March 2018 | 11 replies
Just as an example, I received 2 random phone calls from NY investors yesterday afternoon looking for 5-20 unit properties based off a post a wrote over a month ago.
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22 March 2018 | 6 replies
Chatham for example.