I have four questions.
#1. Looking at a local hard money lenders terms, I need to understand what the following terms mean:
a. LTV: up to 70%
b. Repair draws: 70%
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Hi All,
By way of introduction, my name is Max, and I'm currently studying an Economics degree at University in the UK. I've spent the past few month doing some research on Real Estate, and property investmen...
I'm a new real estate agent. After a deal closes, I'm not paid for weeks to even a month or more later. Is this standard?
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Hello BP,I started investing during this latest market boom, so I have no experience with landlording during a recession, and I would like to hear opinions about an idea I had. How do people here feel about using sect...
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My business partner and I are in the process of trying to purchase a duplex. We noticed on our walkthrough that there is a cast iron sewage pipe in the basement that has a crack in the "U" before it goes through the ...
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Question about a tenant payment scenario..My tenant has been struggling to pay the rent recently but has always ended up paying. She recently decided to pay someone to cut down a small tree in the yard. I would have t...
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So I came across a unlisted mobile home park 3 1/4 acre with 13 lots, 100% occupied and none of the homes are park owned. The park is 5 miles from a super Walmart.Wondering what would you guys personally pay for a dea...
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FHA lowers borrowers’ mortgage insurance premiumsWASHINGTON – Jan. 9, 2017 – Lower costs are coming for homebuyers seeking a Federal Housing Administration-insured (FHA) mortgage.FHA announced that it's cutting annual...
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I know that commercial lending works different that residential mortgages, but my question is more about what these lending institutions are looking at when they are making their decisions.
1. When crunching ...
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Hi there, I've been renovating a condo and have learned a lot in the process. I have been doing some of the work myself and hiring subs for the professional tasks. I ran into a roadblock when dealing with replacement ...