Randall K Compton
Advice for cash buyer, approved for HM
19 March 2020 | 1 reply
Alter our offer, find a private investor, etc.Some quick detailsOur Bid is 140Tax appraisal is 225ARV 280liberal rehab would be 40as a duplex after rehab estimate 3k gross, after utilities and taxes, 2250Thanks in advance!
Lee Cruz
So is the Brrrr strategy a bad time to use now?
19 March 2020 | 5 replies
Im at 75/25 ltv at 30 year amortization. 180k appraisal leaving 135k mortgage and 45k equity.
William Amiteye
Quick do nothing flip
19 March 2020 | 0 replies
Purchased at $30K and refinanced at an appraised value of $50K.
Michael Roblee
BRRRR Re-Finance question
27 March 2020 | 4 replies
In the private/commercial lending world you can use 100% of the rental income if rented and 90% of market rent (per appraisal) if vacant.
Jennifer G.
Was going to list next week - Need Advice!
20 March 2020 | 6 replies
We are seeing them come in with longer than normal timeframe requests as far as inspection and appraisal contingencies, etc....and that's perfectly fine.
Matt Nico
Cant get financing with 3 cash flowing properties + a job. Why?
23 March 2020 | 48 replies
@Matt Nico, the lender will take the income from the property, subtract a 5% vacancy factor(unless the vacancy in the area is higher according to the appraiser), then subtract the mortgage payment and other expenses such as utilities, maintenance, etc and come up with a ratio(DSCR).
Ricardo Campos
First Deal Indianapolis
1 April 2020 | 11 replies
I’m hoping this property will appraise higher than the purchase price over time, then I can cash out refinance.
Eric W.
TX closing during corona
25 March 2020 | 11 replies
My loan is approved, option periods are over, inspections done, appraisals done...were pretty much at the finish line.
Clint Shelley
3rd SFR finally ready for market
4 April 2020 | 1 reply
Challenges for this project included my former plumber taking forever, the appraiser hosing me on the final appraisal, and my inability to devote enough personal time to perform the small labor that I like to do on the rehab.
Jean Santiago
How does Heloc vs Refinancing Work?
29 March 2020 | 19 replies
Bank will let you take a HELOC up to 80% of appraised value. $80k for this example.