Daniel Claroni
What to say to a distressed property lead
31 May 2019 | 5 replies
If you're hitting up distressed properties in the first place, I cant imagine that they'll be too offended - they probably KNOW the house needs some TLC!
Isaac El
First BRRRR - but what happens when you can finance too much?
29 May 2019 | 17 replies
When the page populated, there was a calculator on the screen I typed in the loan amount, the interest rate and then hit the drop down for 30 years.
Tammy Ly
Is Stockton CA still a good location to invest?
2 June 2019 | 12 replies
If the average % rule is 0.6% and you come across a deal that is 0.85%, then you've found a deal even though you didn't hit the 1% mark because the property offers greater returns than other comparable properties in the same area.As Paul Choi said, Stockton is block by block, so best to at least spend an afternoon driving around the area you're considering investing in if you're not working with someone who's intimately familiar with the area and lived in the area for over 10 years...Ahem...
Devon Cornwall
Investor thinking about becoming a Mortgage Agent
28 May 2019 | 0 replies
Hey BP,I hope I hit the right people with this one.I am currently an Electrical apprentice working residential construction F/T.
Devon Cornwall
Investor thinking about becoming a Mortgage Agent
28 May 2019 | 0 replies
Hey BP,I hope I hit the right people with this one.I am currently an Electrical apprentice working residential construction F/T.
Alfredo David
Window Installers in houston, texas
28 May 2019 | 0 replies
Total of 11 single pane windows and wanting to get energy efficient replacements .
Tim Emery
How much is too much interest?
29 May 2019 | 7 replies
@Tim Emery based on the purpose of the post, looks like @Travis Sperr hit the nail on the head.In this scenario, since 20% interest and 4 points "works", is the only option for a solid deal, and 10% down is less than $100k, you're making a better return on your money than if you were to put $200k in and $100k.
Mike Resnick
How to measure AVR on a unique property with not good comps?
29 May 2019 | 1 reply
You'd need an ARV of ~$665k to hit the 70% rule.
Account Closed
Question about 1031 Exchange with Related Parties
29 May 2019 | 1 reply
Additionally, we were also interested in seeing if she could do a 1031 exchange for her investment property in order to avoid a capital gains hit, which would be quite significant given the cost basis in the home.Does this sound like a good strategy, or is there a better way we can go about this?
Elizabeth Kness
Lender is adding “Rent” to my debt even though I don’t have any
31 May 2019 | 11 replies
I have never heard of that happening but I guess I could understand why a lender might hit you with the debt.