Account Closed
Cash Out Refinance, HELOC, or Personal Loan?
Hey BP. I am looking to make that jump to my second rental property and hoping to get a little advice from the community. Here is the scenario. I owe $250k on my first rental property and it’s worth $360k. I could cas...
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
I think I'm in a pretty unique situation and am trying to figure out the right hoops to jump through to move forward.Long story short, I'm trying to tap into the equity of the rental property passed down from my grand...
Ken Cooper
Would you rent to these tenants?
I am getting close to closing on my first rental property! It is out of state and I have a property manager handling the details for me. They informed me that they had an applicant that they liked, and that wants to ...
Shawn C.
Loan Acceleration Default Calculations Advice
My company purchased a first lien home equity nonperforming note in Texas years back. It took us six months (should have only taken 30 days) to receive the paperwork from the financial institution we purchased the not...
Jessica Lee
9 days on the market and no showings!
Hi All,
Would really appreciate why we have not received any showings on this property: https://www.redfin.com/IL/Chicago/1537-N-Cleveland-Ave-60610/unit-3N/home/12650198
We have had 7 showings through open houses ...
Seth Church
New Member, Hungry to Learn!
Hello everyone,
My name is Seth and I have been in the military for 14 years. Over the time of my career, I have met a few people who invested in property, but never really worked the math to see why they do i...
Account Closed
FHA Concern
Hello, everyone. Well, I've discussed with a potential buyer that I'll be doing a double closing, meaning the A-B settlement, then the B-C settlement. I told him that I'll close with the seller first using private fun...
Matt DuSold
Mentors
I know many people believe it is very important to have a mentor when you start the business. My question is, is it smart to pay for one? I have seen a few people who believe each way but I thought it would be best to...
Suzette Lowery
Help me assess my fist deal!!
I am working on my first deal and these are the numbers:
VA Foreclosure listed for 95,900.
Market Value 102,777
Average Value on street 114, 228.89
3 Bedroom 2 baths, 1 car gargage and only repair would be changing o...
Derrick U.
Need a team (agent, contractor, etc ) I'm a newbie phx,az
I just decided a week ago that I need to be financially free in 6 years. My goal is to own a multi family rental that generates $200000/year or more. I have to start off small because I don't have $2 million dollars l...