David Denzy
Hard/Private Money Lender for MHP
Hello MHP investors,Has anyone ever used a hard money lender for a MHP? If so, any recommendations or referrals that you can point me to would be great. Also, if you'd like to share ltv/rate/terms that you've received...
Jinhee Park
Is NO DEAL better than a BAD DEAL?
I had this 4-plex under contract with a combination of FHA loan and seller financing at a price that i thought was a good deal. The property is located in an ideal location where there is a high demand for renting. ...
Kenny Moghoule
Sell rental, lower primery mortgage balance
Hi every one,
I have learned a lot from reading through other people posts but it couldn’t apply those recommendation to my own situation. Long story short, we are a family of two ( mid 40th) with the cash flow of a...
Justine Veal
Flipping in 30310, Atlanta?
Any experienced flippers in 30310, ATL? I got a property I'm considering putting an offer on but need I a little help getting an estimate for repair cost. It's a full gut job or knockdown. 2/1 1064sqft, on a little le...
Brennan Taberna
Real Estate Market Condition
Quick question, when someone says that the marketing is bad/good, how do they know? Is there some magic ball that tells them? I'm a new investor and would like to know how to find out if the real estate market is boom...
Daniel Mills
$5000 for make ready!
Hi guys,I have a SFH in Fultondale on Section 8. The tenant just moved out and my PM company quoted me $5000 for the make ready with their construction company. The initial pictures I got back don’t look that bad. It ...
Calvin Lin
Rishing interest rate in 2018
Hi BP community, anyone noticing the 10 year US Treasury yield lately (tied to the mortgage interest rate)? It is now breaking above 2.5% and if prediction is correct it will rise further in 2018 (steepening yield cu...
Alex Ramos
I have a down payment but bad credit.
I'm trying to buy my first investment property. I have the down payment but I have the worst credit. Will that affect my chances of getting the loan and if so how can I get around that? Is fixing my credit the only wa...
Amir Navabpour
What costs can I add to my cost basis when selling a property?
Trying to decide if its worth the 1k fee, and the hassle of beating the 45 day window to find a replacement property that the 1031 rules call for....Bought the property for 112k, and it will sell for 148kI am creditin...
Logan M.
Vetting Felons, Drug Addicts, Sex Offenders and Poor Credit/No Credit
It is inevitable that when you are in the MHP/Affordable Housing space you will have applicants who are Felons, Drug Addicts, Sex Offenders and have poor credit.Here is how I handle each of them:Felonies: It depends o...