Marvin Meng
Where to start...?
7 October 2015 | 7 replies
But investing requires capital unless you find a deal where the purchase + repairs + closing and financing is less than 75% of the after repair value (ARV) - in which case you can find a hard money or private lender to fund the whole thing up front and after you refinance into long term financing or sell, you'll have almost none of your own money in the deal.
Twee Ng
Refi with cash out
6 October 2015 | 2 replies
Press on for private money and 401K investors.Also, if you're looking for more cash flow, make sure you've optimized the properties you already own.
Andrew Kniffin
RE license legally required to be PM in MN?
5 October 2015 | 6 replies
If you are referring to a property management, you only need a license if you manage a property for somebody for a fee.If you are referring to private money, if you provide the funds by yourself for a fee you must be a licensed mortgage originator.
John Jack R.
Do Little and Try and Make Money or Add Real Value and More Risk?
8 October 2015 | 33 replies
Say that most any contractor or labor guy will want $10,000, the house is on the side of a hill, 100' from a private road with limited access.
William Nohmor
Boston Snow shovelling
3 October 2015 | 4 replies
Narrow paths encumber carriages and wheelchairs, and properly cleared pathways ensure flow and safety of pedestrian traffic.Remove ice to bare pavement or make as level as possible and treat with sand, sawdust or similar material.Please clear any snow that may be blocking a handicapped ramp, fire hydrant or catch basin.DON'T: Shovel or plow snow into the street: Violators caught shoveling snow from private property into the street will be fined.Overexert while shoveling: Excessive strain from the cold and hard labor may cause heart attacks.
Ray Jimenez
Best way to find or attract private lenders to your deal?
4 October 2015 | 3 replies
I am really interested in knowing how many investor attract private lenders to invest in there project?
Chan K.
Massachusetts - Tenants Parking Space Dispute
4 October 2015 | 5 replies
@Chan K.I agree that you should try to stay out of it, otherwise you will get "every" call.I did run into some thing @Marcia Maynard mentioned that a tow company will not tow a car off private property unless they were the car owner or the property owner said so.
Tristan S.
Buying a property with maintenance fees
4 October 2015 | 13 replies
Some who have 10 mortgages already seek out private or hard money lending because the conventional banks will lend up to 10 (Fannie / Freddie).Recently I learned myself about the conventional loans and maximums as I already have 2 Fannie mortgages and am looking to buy another 2 other properties in the next two years.
Mark A.
First taste at Real Estate- Condo
4 October 2015 | 0 replies
Hi all,My name is Mark Anthon.This will be my first taste of real estate buying and holding.I'm currently looking at a 3 bedroom 1.5 bath townhouse condo:Beds3 BedHouse Size1,246 Sq FtPrice $149,900Condo/townhouseBaths1 Full, 1 Half BathPrice/sqft $120Year Built1977 6 roomsFireplace2 parking spaceit comes with private trash pickup, pool, and basketball courtsAverage listing price for similar homes $229,794 Average sale price for similar homes $147,173 if i'm following the 2% rule, I can roughly get out a $2.9K (or a little lower) rent out of this.