Monica Litster
JV on my first multi fam
I am getting ready to discuss a JV with someone. I am doing my first multi fam; he has many units. My original thought was to just work with him as a private money lender, where he brings the 20% down to the table, tw...
Juan M Restrepo
Can I use a 401k Loan for down payment on a Home?
I am considering House Hacking in about 6 months or so. I am trying to put myself in a good financial position to buy a good property to do some cosmetic work. I was planning on using low money down (FHA/ 5 % conventi...
Joe Splitrock
Conventional Loan Limits
I am looking to acquire a 4 unit property that is selling for $750,000. My lender is telling me for conventional financing at 30 year term that there is a maximum loan limit of $453,100. So I would need to come up wit...
Account Closed
Transferring a Property into the LLC
Hi Everyone,
This is my first post. I'm in the process of acquiring a property with my wife in Baltimore County, Maryland. The acquisition is on a personal basis with traditional 30 year financing. After close, I'm l...
Cornell M. Dayne
Pooling Private Funds
Hi everyone!
Hopefully, this post finds you all in good health in good spirits.
My question is as follows:
What does an investor have to do in order to pool the funds of individuals without having to represent/sec...
Andres Santos
Help with my first Subject to/Owner financing deal in Texas
Owner has this property on the market FSBO for 362.5k, he will sell for what he owes 352k. Property is worth 390K. Payments and taxes are current. Mortgage payment is $2,310 PITI No repairs needed. He needs to sell as...
Maxine Hough
New Member from Austin, TX
Hello Everyone,My name is Maxine Hough and I'm a new member from the awesome city of Austin, TX. I've spent the past several months or so researching and educating myself in everything regarding wholesale Real Estate....
Account Closed
Considering using a hard money loan? Expect to sign a personal guarantee, here's why...
Here's a tip for working with hard money lenders.Don’t expect to get a hard money loan without signing a personal guarantee. Lenders want to know you are personally involved and have a real desire to see the project t...
Justin Case
Refinance Owner Occupied question
I have been traveling for work and I am moving back into one of my multi family homes. Anyone know if I have to live here for some duration before refinancing?
My mailing and business address is a relatives since I ...
Patrick Bartlett
accepting a holding fee
Hello allWe are considering accepting a holding fee from a potential tenant that will go towards his security deposit when he completes payment of security deposit and first month's rent by a specified date. If he fai...