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As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like? I have one conventional mortgage and am looking for turnkey rentals, which there are m...
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Sorry if the below sounds like a rant but this is starting to drive me bananas.I've been looking to set up some asset protection as I have 11 buy/hold residential rental properties that are scattered across 3 states, ...
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This question comes out of frustration over the seemingly ubiquitous "We've received another offer, please give highest and best." I live in a hot market, and it seems whenever I call about a property, there's always ...
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I am looking to refinance $50k investment property and was offered a loan with 5 year term/25 year amortization. The rate is better than anything I can get with a normal loan (4% vs 5.5% for a 20yr fixed refi). As I u...
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My mom got a DUI 2 weeks ago. To put it short, she could have to pay over 200,000$ in bills including rehab.
Originally the story was that she was going to be in rehab for 6 months.
Apparently, she will now only be...
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Hello folks,Im looking for suggestions. I am closing on a town house that im purchasing with a credit card. Purchase price is 45k, is rented for $850 but could be 950 -1000. Now, the credit card im using is a personal...
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I'm seeing some attractively priced REO deals, and I'm thinking about dipping my toe in the water. But that sort of leads me to my question: Are these attractive prices set so low that they bring in a large number of ...
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My question is primarily directed to buy and hold investors who purchase each new property with its own entity (I imagine most will be LLC’s).
Do you also open a dedicated bank account for each entity for the purpos...
Hi all,Quick question for opinions....when selling a flip, so you prefer to have listing open ended or put in an offer deadline? And if you dont mind, any reasoning would be appreciated. On my first rehab, I listed wi...
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here is my situation.. I bought a 2 family rehab (putting it mildly) for $30K. I have invested in this property roughly $12K and have brought the value up to about $65-70 (a little cosmetic work has gone a long way) ...