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Results (10,000+)
Eva Marin getting money from your credit card to invest, is that a good idea?
6 October 2011 | 7 replies
A 25k loan @7% -Montly payments will be bet 450-550.Do you think this is good way to get some money to get involve in buying and flipping properties with other investors?
Adam Smith Favorable terms when buying a Seller Financed home as rental
4 October 2011 | 5 replies
If you were looking to purchase a buy-and-hold rental in this manner, what sort of terms would you look for that would be fair to both parties involved?
Elliot A How did you become knowledgeable in the construction/renovation aspect of flipping?
6 October 2011 | 8 replies
A GC is going to put a premium on everything so expect to pay more for work they are involved in.
Danny Day Owner Occupant Wants to Sell .. Gray area
9 October 2011 | 3 replies
Because it is the government, there is an extra dimension involved - fraud and criminal charges.The consideration the seller gives is a reduced price and/or interest rate.
Allende Hernandez Seller Financing - Hard to get!
12 October 2011 | 15 replies
Investing in real estate involves risk, lots of it.
Allende Hernandez Homestead Exception and Lease/Options
10 October 2011 | 1 reply
Hi guys,What are the risks involved in offering Lease/Option or SF to someone with Homestead Exception in their property?
Greg P. Is this a Viable Strategy with Commercial Property?
9 October 2011 | 6 replies
Greg it will depend on the portfolio of the bank and how many performing versus non - performing assets on the books.The bank might not want to refi that type of product with too much of that type of asset class non-performing on the books already.They might have too much defaulted commercial all together.For value add plays typically occupancy is an issue.The lenders will want certain occupancy levels obtained for at least 3 months depending on loan type and typically stabilized for 6 months to a year or longer.If you buy an apartment building at say 50% occupancy using a hard money lender or private money and the going vacancy rate is an average of 10% then the lender wants 90% occupancy averaged out over time.When you refi you will only be able to go up to a certain percentage to cash out or can just convert with no cash out to the lower interest rate.Regular banks do not lend usually on sub par occupancy levels for the area.They see it as too risky and the say 60% occupancy can quickly go to 30 or 40% and they have a foreclosure or short sale on their hands taking a loss,plus inspection reports,attorney fees,appraisal and environmental review etc.
Giles Smith Med student financing?
10 October 2011 | 3 replies
Hey guys, I'm just getting involved in the real estate game and trying to figure out how to finance deals.
Keith Barton Greetings
11 October 2011 | 8 replies
Thanks for jumping in and getting involved.