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14 April 2024 | 3 replies
The current property has a VA loan with a pretty great interest rate (2.375%).
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17 April 2024 | 34 replies
There are no real wholesalers in the group, and very few people doing free and clear transactions, at least that I know of, and the average level of the knowledge about real estate of any of those "Bid Dogs" attending the masterminds is very low, or almost non existent, as most of them are new members.Phil preaches that they are experts because the know just a little be more about real estate investment than the average guy, but the reality is that is all smoke and mirrors, and they feed and prey upon people expectations to improve their lives, creating false expectations about people being able to make money the easy way, with no credit or money to start with.
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15 April 2024 | 27 replies
Based on your financial situation and goals, here are some personalized tips to kickstart your journey: Start by leveraging your finances with options like conventional loans, FHA loans, or commercial loans.
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16 April 2024 | 3 replies
VA loan= 0% + buyers agent compensation.Incredible right?
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16 April 2024 | 25 replies
It likely has never been closer to having funding that can significantly improve the situation, but it is still a ways from being a reality (but once the problem is resolved, the discount due to the issue will quickly vanish).
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16 April 2024 | 27 replies
I'm waiting for more improvements in Harvard Place before rehabbing and raising the rent.
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16 April 2024 | 4 replies
I'm house hacking with a VA loan a four unit property I'm looking forward to feedback and wish everyone success in their efforts.
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17 April 2024 | 8 replies
Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!
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16 April 2024 | 1 reply
I also don't qualify for any institutional loans at this point.
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16 April 2024 | 12 replies
I am using an FHA loan so the house has to be my primary residence and there are no other bedrooms