Terrence Malloy
REI Newbie Accepting DC Job Offer & Looking to House Hack
Hey everybody!
I'm moving to the DC later this month for a RE-related job with the city, and looking to get my bearings so that I can purchase my first house hack by August.
Briefly "About me": I've finally ended mo...
Qusay F.
When is it Acceptable to Purchase a Property For Market Price?
Hello all,About 6 months ago I purchased my first property, a duplex on the MLS at below asking price (and below market based on comps) in a high-demand, albeit up-and-coming neighborhood of Buffalo, NY. I've since re...
Steve S.
For investment properties, what min cash on cash do you accept?
Will you go as low as 8%?Lower?Never below10%?Would you be pleased if your rental portfolio in totality yielded > 10% cash on cash?
Allen Duan
Partnership on a househack: What kind of deal would you accept?
Hi everyone, I'm super excited to get started investing in real estate and my current goal is a househack of a duplex or triplex here in Los Angeles where I live. Because I'm a business owner/self employed, my finance...
Matt Schambeau
How to accept cash for rent from tenant in Roswell, Georgia?
I have a duplex with tenants I inherited that pay their rent in cash. The current setup is I swing by once a month to collect the rent. I'm going to have them sign a new lease, and don't want to collect the cash eac...
Jonathan Sowinski
Does B of A accept Sale Option Contracts for Short Sales?
I have located a potential short sale seller (NY State) who’s mtg is with Bank of America.
I am still in the "discovery/due diligence" period so do not know all the details and whether it will be worth going after ...
Reda Eldehiry
Urgent GC referrals in Tacoma, WA for my first accepted offer.
My first offer got accepted and I have found a couple of foundation issues in the home. All vertical cracks, no horizontal ones though. My offer is contingent on inspection so I should be safe. I am looking for a reli...
Alex Halimou
NY REO rule. No offers accepted from investors for 15 days
Just tried to put an offer for an SFH and found out that the bank does not accept any offers for the first week and no offers from investors for the first 15 days. Is this a new thing? Never heard about this before.
Aleko Petkov
Why are lenders willing to accept a downpayment with borrowed money?
I am familiar with the strategy of refinancing one property with cash out and using the cash to pad the downpayment on another property, but I don't understand why this works. If 50% of your 20% downpayment is borrowe...
Raul R.
SBA Accepting new application for grant & EIDL Loan, 6-15
For many RE investors we dont qualify for the PPP loan but many (confirm w your CPA) qualify for SBA Grant ($1k per employee) and EIDL loan ( I did for first round back in March). As of June 15 SBA accepting new appli...