Hello, I found a great deal with my business partner. We have the money to put down at least 20%, however we would need a loan for the the rest plus renovations. The house is not in livable condition so conventional f...
I bought a home for $2,000.00The property is distressed and needs approximately $20-25,000 for rehab. I’ll be rehabbing the property myself.My main focus of this post is to explorefinancing options for the rehab. My c...
I've been talking to several banks about loan programs for rental property. Most require 15 to 25% down, which I expected. The thing I didn't expect, however, is that it seems that virtually all of them are looking a...
I am in need of some advice. At this point in my life I am pretty much out of possibilities to finance for another property from a bank. I have good credit, but my showing income to debt ratio is too close. I wa...
Hi all,
I have a couple of questions on 1031 exchanges, both may be stupid, but this is what happens when I sit and daydream about real estate transactions:
1. Is there a way for a person to get a loan to buy, in my...
What kind of rate/other terms can I expect on a 8-20 unit? Purchase would probably be 300k-800k.I own 4 units, but wanted to start underwriting medium size. Hoping I'll be ready in about a year.
Hi All, my neighbor is quite behind on dues. Our reserve fund is in good shape but our operating account is very low. We are about to take them to small claims court to get the money owed but if I want to refinance b...
We are currently renovating a duplex and our contract is having a difficult time finding a 100 AMP, 30 space main breaker panel which is outdoor rated. We have called around to a dozen places, and they have 20 spaces...
New member here, need some guidance on how to structure deal. I primarily develop franchised hotels construction start to finish and operate. Portfolio of 8 properties built with my own funds with proven track record....
Hello,I am looking to purchase my first real estate investment (a duplex or triplex) with my best friend. In preparing to start investing with my friend, I am trying to understand our best options for both how we shou...