James Martin
Vendee Financing
One of our clients is buying a VA Foreclosure with a VA loan. The bank emailed contract back to verify that the loan was Va and not VA Vendee. It took me for a small ride because this was my first time hearing about t...
George Rodriguez
Refi on a BRRR. Need lender
Does anyone know a lender that would refi a property out of hard money loan without any income verification from me. I ask because my DTI is too high to qualify. I think I've heard of lenders who only care that the ho...
John Southard
Starting out advice on dedicated phone numbers
Hi everyone, I am starting out and looking into purchasing some rental properties. I have a full time W2 job that I love but I realize I need to invest for retirement and rentals would provide passive income and appr...
Shiv Dutta
Analyzing property excel, please correct my formulas
Hello everyone, I use my excel (which I am working on from sometime now), to analyze properties. I am still working on it. :)https://drive.google.com/file/... this is for a sample property report from my Excel.Can you...
Mike Richards
Delayed Financing Exemption - appraised value or cost?
Say I buy a home on 50+ acres using money from IRA 60 day rule, personal bank loan and maybe a loan from a friend. This would either be a rental or 2nd home. If I separate the house from most of the acreage, and cas...
Corey Dutton
What Are Typical Interest Rates on a Hard Money Loan?
When we talk about loans, especially Hard Money Loans, the lender’s interest rate
easily falls between 8% to 18%. The borrower’s credit score has weight on the
interest rate even with hard money lenders. The property ...
Josh Raikin
Refinancing (with current high interest)
Interest rates are quite high now (>5.5% 30 year fixed) I'm finding. Even without a guarantee on if/ when they'll go back to how they were a month or two ago (~4.3% 30 year fixed), if I were to invest now using a c...
Joe Stout
Buy and Hold Long Term rental
Investment Info:
Townhouse buy & hold investment.
Purchase price: $180,000
Cash invested: $51,864 ($37,000 down payment) + Closing costs & pre-paid/escrows
Very well maintained 3 BR 1.5 bat...
Jason Macht
Deal Evaluation Advice
I'm relatively novice still, with only two deals under my belt and currently I'm evaluating an off market deal that happens to be right next door to my existing rental. My challenge is gauging whether or not I'm being...
Bianca Miller
Landlord is on the fence about renewing lease or selling
hello everyone. I need some advice on how to approach my current situation with my lease.Our lease on our house is up on May 31st. My landlord says that she is still deciding whether to refinance the house and renew t...