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Land Trust Assumable Loan?
So perusing things, I cam across this gem:
Making Loans “Assumable”. A non-assumable loan can become effectively assumed by using a land trust. The seller transfers title into a land trust...
I'm a first time investor running the numbers on a triplex in central MA. 200k purchase price, 20% down payment and 5% mortgage. 3 units all rented at 1000 per month with assumed vacancy rate of 25%. Turnkey propert...
I'd like to hear your experience: Would you rather manage your rental property yourself or hire a property management company?
Good morning BP! When someone says their house is cash flowing for 200$ a month can we assume that number is calculated after money has already been set aside for reserves? Thanks!
I am not a people person so being a landlord could be a means to acquire enough capital to get into lending. How much money does one approximately need to acquire to start lending? I assume hard money lending would be...
Hi BP. Looking at a 5 unit, would appreciate some thoughts if you have them.5 units, all 2 bed / 1 bath:Purchase Price: $275,000Mortgage: 30% Down, 5.15% on 20 Year AmortizationTaxes: $2200/yearInsurance: $2000/yearM...
Hello, I’ve got 4 buy and hold duplexes and 1 SFH that is a fix and flip which is done and currently on the market. One of the duplexes is being renovated now and I’m looking for more.I have a couple of deals I’m look...
Anyone have experience selling wrap notes? Also what is the ideal seasoning time?
I have a question:
I am currently learning about buying properties before the public auction that happens during a foreclosure. So I am interested in investing in pre-foreclosure properties.
What I want to know is t...