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9 November 2022 | 5 replies
If your goal for the near term is to continue buying properties, I think the process of acquiring and maintaining your license would be more trouble (distraction) than what it's worth.
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12 August 2022 | 2 replies
Purchase price: $55,000 Cash invested: $60,000 My goal was to acquire a multifamily property without ever seeing it.
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9 August 2022 | 1 reply
We secured the property for less than asking price, seller agreed to make some minor repairs, increased rents by $100 since they were under market rates, and acquired a reasonable property manager.
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9 August 2022 | 3 replies
Some people really don't like the idea of wholesaling... but a lot of people do it anyway and it didn't stop you so why let that stop you from acquiring investment properties?
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17 September 2022 | 1 reply
Would we just get another FHA loan if we wanted to acquire another fourplex?
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30 March 2022 | 9 replies
Starting out you typically want to generate as much cash flow as you can in order to roll into the next deal and start to scale, so the 30 amortization you'll be able to acquire with a conventional loan will probably outweigh the initial benefits of purchasing it in an LLC.
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28 December 2022 | 4 replies
I have a list of PM's, contractors and lenders that have helped several of my investors when acquiring properties.
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10 February 2020 | 30 replies
But technically I think the limits on our loans are misconception and lender specific, nothing that is direct to the stature of the VA requirements itself. ...In regards to the 2 year rental income, I have a lender who will use rental income of an already income producing property I am looking to acquire.
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2 November 2021 | 4 replies
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,100,000
Cash invested: $325,000
12 unit apartment in Tucson. Opportunity to update units and reduce costs...
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23 September 2019 | 6 replies
The bad part is he does not want to do a hard money loan to acquire the property, and if he uses a bank it most likely will appraise much less than asking price.