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1 November 2018 | 2 replies
On Craigslist I saw lots of "Fash Cash", "Quick Sale for cash", "We bug houses" type of ads, has anyone done such a transaction?
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5 November 2018 | 33 replies
Very powerful stuff.Few lessons learned:- Never pay a large sum up front- Vet a company much better- Don't trust a wolf in female clothing - No one hugs after a business transaction- Check court records- Never go with the cheapest bidOnce this hypothetical situation is over, I'm definitely going to provide more details.
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25 June 2019 | 11 replies
It’s definitely lower cost to get started in those markets.
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9 November 2018 | 12 replies
Shorter loan terms and lower LTVs have lower annual MIP.
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3 November 2018 | 1 reply
I'm also hitting the 2% rule with $800 rent and feel I have room to raise it as I am on the lower end in the area.Since I bought my first condo with cash I was able to leverage that equity with a HELOC (5/3 Bank), they appraised my property at $58k and gave me $37,500 (65% LTV).
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2 November 2018 | 2 replies
I'm also hitting the 2% rule with $800 rent and feel I have room to raise it as I am on the lower end in the area.Since I bought my first condo with cash I was able to leverage that equity with a HELOC (5/3 Bank), they appraised my property at $58k and gave me $37,500 (65% LTV).
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3 November 2018 | 8 replies
Sounds like a non starter.......there would be no payment history so it would sell at a Big discount and those note buyers are looking for Larger yields and Lower LTV’s than your standard refi.
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20 December 2018 | 8 replies
The long and short of it is that it's more about what you're after in an investment...a transaction is a transaction...really doesn't matter where you are.
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5 November 2018 | 8 replies
Buy and holds are lower risk than flipping, but there is a whole spectrum of risk in rentals depending on the class of the property.
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7 November 2018 | 21 replies
You may want to lower the rent a bit to avoid too much vacancy.