Anthony Mikolich
HELOCS and rental properties
27 October 2018 | 9 replies
We have one secured by two rentals that we use to make cash offers on properties we rehab, lease, refinance and repeat.
Andrew Assman
Where do you park your investment savings?
26 October 2018 | 2 replies
If only for 1-2 years and you want to be safe, 2 suggestion:1) TIPS bond funds (Treasury Inflation Protected Security)
Alan Walker
Investor Tip: Bathrooms: Total Rehab or Touch Up?
4 November 2018 | 6 replies
One question I'm often asked by sellers and fellow investors is, "should I rehab the bathroom". And while I'm not a lawyer, I'll give you the standard lawyer response: it depends.As with most things related to an inve...
Ryan Champin
First Time Buyer in NJ looking for help!
1 December 2018 | 6 replies
For exmaple, a total kitchen rehab can cost you 25-30k, depending on finishes and how you want it to look.
Joey Newton
How to sub meter H2O in multifamily?
8 January 2019 | 9 replies
Louis county area, and I am a total virgin when it comes to this.
Robert Seger
Gifted Estate - Tax Question
27 October 2018 | 4 replies
There's a really large lifetime limit, but each gift over the annual limit adds to the lifetime total.
Joey Newton
Quadplex Question for a newb
29 December 2018 | 51 replies
Totally selfish question but, I am in negotiations with a landlord who wants to sell 2 quadplexes in St.
Alex Stoll
Nervous to buy out of state, looking for property management.
25 December 2018 | 8 replies
I realize I'm totally in the minority here, but just wanted to drop some "food for thought".
Brian Stike
Cash out BRRRR in Central Jersey - HELOC or cash out REFI?
15 January 2019 | 7 replies
I'd say go with the ELOC on the rental while you can...just secured my first with Pentagon, submitted my second today.
Natasha Hunter
Re-performing CFD in Indiana 76% ROI!!
29 October 2018 | 1 reply
Here are the numbers:Original Loan Amount: $ 42,700.00Loan Origination Date: 12/09/2013First Payment Due Date: 01/01/2014Last Payment Date: 9/27/2018Current Loan Balance: $ 41,802.77Current Interest Rate: 9.900%Current P&I Payment:$ 371.57Current Escrow Payment:$ 30.43Maturity Date:12/01/2043Term Remaining: 302Loan Type :CFDFMV: $87,500The WorkoutWe picked up this asset for $18,500 ( 44% of UPB)Expense Cost: $2000 (Includes, servicing, initial due diligence, forced place insurance, back taxes and misc)Contingency Fund $2,500All in Cost= $23,0008 Months of Payments = $2968Reinstatemet fee from borrower = $2000Total Income received $4968We sold this property after 1 year as a re-performer for $35,500 (Approximately 85% of UPB)$35,500 + $4968 = $40,468 Total ROI = 76%We're excited with how this one turned out and can't wait to see what we will do with our next one!