Rodney Weary
Buying Performing Mortgage Notes
19 February 2017 | 15 replies
If I could would I receive a lump sum or annuity from you based on MPV?
Aaron J.
Government Lending Rules vs. Bank Policy?
30 August 2016 | 6 replies
Unless you are going to file some kind of discrimination suit against the bank based on what you feel is arbitrary denial, banks do not have to grant everyone a loan just because they qualify - they just can't deny you a loan based on one of the protected classes (religion, race, etc).
Jamie Gruber
Analysis on a 4-plex - First Potential Deal - would love feedback
29 August 2016 | 2 replies
Some points about me and this property:- it consists of four 1-bedroom apartments - rented to young professionals- this is B property in a B neighborhood - current rents are $2300 ($550x3 and one $650 - the $650 is the newest tenant and the apartments are identical - so it sounds like the rents can be increased in the other 3 upon lease expiration)- it's listed at $139,900 and has been on the market for about 3 months- my calculation on this property is based on full asking price and current rents- The COC ROI is misleading based on the way I did the inputs -- the only cash out of pocket will be closing costs which I've been quoted to be about $7000 out of pocket.
Louis Mannikko
Using 401(K) Loan to finance first property
7 September 2016 | 19 replies
My job is extremely secure, so this risk is minimal for me.I will say that my views are based on using that money for a flip or a BRRR method, where the loan is short-term and paid back quickly.
Lily Daudert
prospective tenant with low credit score
30 August 2016 | 6 replies
A major portion is based on the credit they are using vs their available credit.
Brian Ritter
Aspiring investor from MA in London
30 August 2016 | 3 replies
Hi, I'm an aspiring real estate investor from Massachusetts but currently based in London.
Adam Sherritt
Should you include price with LOI's (Letter of Intent)?
23 March 2017 | 7 replies
You could play it up and further demonstrate your level of seriousness by saying something like: "This offer is based on our assumption that the property contains a mix of 1 and 2 bedroom units totaling 16 rentable units, along with our initial research of publicly available information."
Suzanne Carden
Searching for a Hard Money Lender
13 September 2016 | 9 replies
I'm looking to acquire real estate through a hard money lender who will lend based on a percentage of the appraised value.
Ashley Okoro
Flipping a Hoarded home??!
30 August 2016 | 2 replies
Based on the title it sounds like the house has a lot of trash and such that needs to be removed.
Tom Kuhen
Potential First Deal in Cleveland, and it's a HUD - Please Help!
31 August 2016 | 15 replies
We just had this done on a house in UH.Just my .02 based on recent experience with an owner turned landlord that can not sell Good luck