18 October 2017 | 3 replies
My goal is to have 20 doors via the BRRRR method.Bought my first property in cash, split it in two, rehabbed it and are about to start renting it, have been approaching local banks searching for a refinance mortgage but without any luck since I don't have a W2 or the revenue history (2 years) that the common bank is looking for before lending the money for the mortgage.Can anyone recommend a credit union or bank that can provide an asset-backed mortgage for the property without looking at the personal finance?
1 November 2017 | 9 replies
A common theme among the homes that would qualify as a BRRRR opportunity are that the properties would be very aged and typically need and entire gut job to be done correctly.
9 October 2017 | 2 replies
Each unit has its own panel in the furnace area plus a common panel.
12 September 2018 | 4 replies
Second, if you do not include it now it is hard to add PM Services later (as you indicated) without significantly reducing your cash flow. 10% or $225 is common for PM.
19 September 2018 | 24 replies
If I were to bring a worthwhile deal to an established syndicator, what is a common equity arrangement for the value I would be providing?
15 September 2018 | 5 replies
That'd be the ideal scenario.
7 September 2018 | 2 replies
The more you learn, the more you earn; financially as well as spiritually.Successful people read every day: Reading is a common past time of many successful people.
6 September 2018 | 3 replies
I personally would never pay a $6k flat fee to a realtor on a $60k property nor is that common here.10% is ridiculous and I'd suggest finding a different realtor who doesn't pick their fees out of thin air.
22 February 2018 | 12 replies
I’m sure I’m missing a few scenarios but you get the gist of it.
22 February 2018 | 12 replies
Most of the lender has an separate appraisal department which can help you on this scenario to determine the type of property although last decision is from appraisal company.