6 November 2019 | 3 replies
but lenders also want cash down.so to get a 100% funded deal its got to be a screaming deal other wise it wont cut it at underwriting and so those with no money to put down and beginning find it difficult to find those deals in todays market.. so they end up being out 3kso its not nothing down its 3k down until you get a deal . plus you should check i believe there is a submission fee.others have reported this site that they paid the 3k and paid multiple submission fee's and never got funded. so they are out thousands for this no money down loan.now to be fair and balanced i dont blame the lender for being very tight on underwriting .. but its Caveat Emptor for sure.
17 November 2019 | 0 replies
I don't need much help with the "micro" a.k.a cashflow analysis, but more the macro bigger picture to see if a market is worth it to enterSpecifically:#1 What factors do you use to analyze or determine the # of units that are in my criteria#2 What factors do you use to determine the larger demand from potential tenants interestedEssentially what factors or KPIs do you use to determine the right balance of demand and supply within a given market?
25 November 2019 | 6 replies
It helps clear things up a bit when balancing all the tedious details than come with an investment like this.Best of luck my friend!
31 August 2019 | 5 replies
It is a fine balance and varies by location as well as individual seller.
25 May 2020 | 5 replies
Property Info:3 BR / 1.5 Bath / 1200sq ft Bought in 2017 for $163500 Down payment of 5% + $3k in closing costs30 yr FHA loan @ 4.375% Remaining Principle Balance: $145kMonthly rent: $1500 Vacancy: it’s never even had to go to market to fill, but I’ll say 1%/mo just to be safe Cap Ex: I bought it freshly renovated, but I’ll use 5%/ mo to be safe Repairs: 5%/mo to be safe, but in 3 years of owning it I’ve probably spent $100 total on repairs.
27 May 2020 | 8 replies
It's a balance that more experienced investors with money know how to walk better, but a lot of first timers are just doing it because they don't have money.
1 June 2020 | 1 reply
The loan is a simple interest loan, each month your interest due that month is simply your outstanding balance at the interest rate, divided by 12 for the monthly amount.
18 November 2022 | 22 replies
When I expressed my displeasure and said I won't be paying they threatened me with putting a lien on the property.They claim that the pending balance is $1066.
14 September 2022 | 23 replies
You'll find your balance between real estate, paper investing, running your own businesses and living a large life.
24 March 2019 | 68 replies
Since you’re still going to be responsible for all payments to loans, credit cards if you’re banking on the sale to pay off balances before it hits interest.