Craig Tomlinson
Listing broken into-now claiming to be tenants
26 August 2017 | 21 replies
They had broken into the lockbox, used the keys to access the house, and changed the locks.
Shara Surabi
lender that allows the property to be transferred to LLC
30 August 2017 | 9 replies
A mortgage broker would have access to many different options.
Janis A.
Southern Oregon Starter
23 August 2017 | 2 replies
I used the cash to pay off the final bit of my credit card debt to improve my credit score even more (it's currently at a low 700) so I can qualify for lower interest rates.
David Polius
Working for knowledge, not for money..?
26 August 2017 | 4 replies
Getting your real estate license is an advantage only in that it gives you access to the MLS.
Boyd Evans
My first deal! No realtor. What do I do now?
30 August 2017 | 11 replies
Keep in mind if the description/pictures show the home needed a lot of work, then the price will be lower than normal, and alternatively, if the description/pictures show the home was completely renovated, then the price would be on the upper end.
Rachel N.
HELOCs... am I doing this right?
23 August 2017 | 3 replies
The HELOC had a stipulation where I had to take out at least $40,000 and keep it out for three months, in order to get a lower interest rate - I guess so the bank would get some of their interest right away, although I'm supposed to close on the property soon.
Pete Schwan
Riddle..I thought I knew what I was doing...
23 August 2017 | 3 replies
I've completed renovations and am thinking I can do a cash-out refi, take out the private lender and access some equity for another investment.
Account Closed
14 year old looking to learn about real estate
24 August 2017 | 18 replies
@Michaelmy apologies some times it takes me a little bit to answereasiest way to explain formula for youArv is After Repair Value meaning after full renovation or repairs this is what the house will sell for 30-60 days max based on comparable sales (aka comps)I prefer lower 60% of the ARV, because I prefer to flip to a retailer, by wholesaling, and earning a small fee for finding the deal and securing the property via purchase agreement option or a few other various formsmost of my ppl buy at 65% or 70% so due to my preferred method of wholesaling, I must buy at prices below these "strike prices" or buy prices...just so you know I am a contractor, so my repair costs are known when I look at property.
Ben Hooper
Expanding STR business
6 July 2019 | 13 replies
it seems as if option #1 allows you to quickly scale with less money (basically furniture and a security deposit) but has the downside of lower margins since you're not building equity.I've also thought of other ideas such as buying a few properties under a llc with several other investors, where the total cash per person would be the same as if you bought 1 property by yourself but it's diversified across different markets and reduced risk.
John West
What should I do with the fourth unit?
28 August 2017 | 8 replies
I was considering just door knocking and asking local folks if they would use the laundromat or if they already had access in their buildings.