Michael Galloway
Secured Another decent deal today in Alamo California
3 August 2013 | 12 replies
Just got the verification today on a small house large lot in Alamo California. My team will be tearing this one down to one wall. (existing 1500sqft) We will be building a 4000 sqft new house in its place. Lot Cost $...
Fred Dray
My first flip...Is this a good deal?
19 February 2013 | 9 replies
Which include new roof, paint and new gas lines.Wholesale fee $1,500Closing and Holding costs $1,000Total cash in $32,500 (which I am supplying)Estimated selling price $45,000Total projected profit after 5% closing costs $10,250 of which I getInvestor Payout (5% for 6 months = 10% APR $1,250Investor Projected Profit (20% profit split) $2,050So my investment of $32,500 for six-months will return $3,300Does the above seem fair?
Christian Carson
Flooded slab ranch house - issues?
21 February 2013 | 8 replies
Someone removed the water meter and there is no shutoff on the supply pipe--when I walked in, there was water gushing out and 4 inches of water in the whole house!
Matt M.
Worth it to pay double and have mortgage paid off in 15 years, or ride out the 30 years
28 February 2013 | 23 replies
Generally, as long as your can secure a return on investment higher than your interest rate, you should invest instead.
Tim Smith
How do high wage earners benefit from real estate related tax deductions?
12 November 2018 | 32 replies
Maria, Being an independent contractor isn't bad; however, your boss would have to give you a raise to account for their half of Social Security and Medicare.
Anthony Palmiotto
Are Lonne Deals Dead - SAFE Act?
4 August 2013 | 61 replies
The key to the Safe Act is the security.
Angel Perez
Leveraged Loans???
11 July 2014 | 2 replies
Maybe someone could provide some insight and educate me about them.It is my understanding that if I have say $100k, I can use it as collateral to secure say a $300k loan (leverage percentages are just examples and could vary vastly).
Julian Jung
Duplex rental concerns
20 February 2013 | 5 replies
Pay them a few hundred to look over your lease and discuss issues of concern with them.Also, NOBODY moves in and gets keys unless they pay the FULL security deposit and ONE FULL months rent.
Samantha M.
Hard Money - Worse Case Scenario- Foreclosure
20 February 2013 | 7 replies
Noe I don't recall, seemed like it also said that the security agreement could contain provisions for a deficiency, if so, under those circumstance the lender could seek the deficiency, so read carefully....I'd guess most lenders would go there if it's allowed.
Corey Dutton
Pricing on Hard Money Loans Varies Widely Among U.S. States
7 May 2013 | 34 replies
Unlike mortgage interest rates that are governed by specific factors, interest rates in private money are largely influenced by supply and demand as well as other unique factors.