Brian Compton
Making offers on REOs
Noob wholesaler question...Came across this property description in the FSBO on Zillow:**JUDICIAL SALE OFFERED BY MECKLENBURG COUNTY CLERK OF COURT, SUBJECT TO 10 DAY UPSET BID & CONFIRMATION BY CLERK OF COURT**CO...
Corbin Dallas
All you military guys out there: VA Loan thoughts?
Team, Any thoughts on renting your home financed with a VA loan? I think my mortgage payments are going to be too high to establish a positive cash flow. What are y'alls thoughts on refinancing with equity before I le...
James S.
Cash out refinance after new construction
Could someone clarify how a cash out refinance would work after new construction. I own the land with a mortgage (owe about 225k out of 287k) and am living in one of these units. I have about $150k cash on hand as wel...
Chris Gilliam
Rent Collection Question
Hey All,
So we just bought our 2nd rental property. On my first one i drive by and collect the rent every month. However now that we are adding another one, and soon a 3rd. I don't want to make a habit of this for ...
Account Closed
Are these good ARM loan options?
Are these good ARM loan options for multi-unit investments properties?A) 5/1 ARM – 20-year Term; Up to 30-year AmortizationInterest Rate Options:1) L5 Resi Owner-Occupied 5/1 ARM No Point Rate + 1.00% + 1 point2) L5 R...
Greg Franck
Commercial Debt Strategy
We are to the point in our investment career to which we will need to use a commercial loan product or private money to acquire our next property. I have built a great relationship over the years with a Regional bank ...
Chris Igard
Wrap around mortgage with acceleration clause called
I have a home in Dallas with a wrap attached to it. The buyers have been in the home for 2.5 years now. They have made 2 attempts to get financing but have not been able to do so. The home sold for 400k then but is wo...
Franklin Marquette
Thoughts on Rent Controlled Areas in Los Angeles (Los Feliz)
Hey all,I am new to the forum and new to real estate. Currently looking at a ~$1.35MM duplex in the Los Feliz / Silverlake area. This area is pretty hot right now in my opinion given it is transitioning, but all of it...
Account Closed
Owning property free and clear
I certainly understand the benefits of "in depth" analysis such as calculating an IRR and selling at the highest ROR. However, I've somehow convinced myself that I'd rather own as much property as possible and for the...
Scott Rauch
BRRR “refinance question”
I’m at the Refinance part of my BRRRR. I Just got it appraised a few days ago. A local small bank has offered a 20 year ARM loan. Interest rate for the first 5 years is set at 4.75%. Then at the 6th year the interest ...