Purchase price: 280,000ARV based on comps and realtor’s assessment: 430-450,000Work needed: new floors throughout, update kitchen, update bathrooms, paint, repair plumbing, new roof, furnace, water heater, add 2 bedrooms and 1 bath in the basement, secure deck.This is my first deal and I’m somewhat overwhelmed so ideas/advice/feedback are welcome.

The best thing to do is speak with a securities attorney and let the guide you and help you decide the proper structures.

If I look to get a loan from private lender how can I screen him to check if he is doing it legally❓And how to secure myself against loosing any upfront fees if this become a scam❓ By putting it on escrow❓Any advise😎✔️❓

I feel like it’s a waaay too good to be true moment, the seller stated that it’s...3/1 home setA $2000 no refundable security fee and then a $775/month He said it’s not for rent and will accept cash offers I’m kinda confused on what the security fee means but figure you guys might know.

We both have very secure jobs and we do have more cash on hand for reserves.

. • Proof of regular investment earnings, social security or other form of governmental rental supplement. • Any additional sources of income that applicant wishes to disclose (i.e. child or spousal support, trust income, financial reserves, etc…). • Any rental subsidies which you wish us to consider.

Buying directly from the seller......i just dont know how to. i Hate using a realtor, but how can i make sure the deed is safe and secure??

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

For asset protection reasons & personal security I am using an alternative name.

@William DeLucaRefinancing out of the BRRRR is going to a bank or financial institution and securing a mortgage.