Gaurav Mehta
Buying a property in a potential flooding zone
Hi,I came across a property that is in a potential flooding zone. My realtor outright rejected the idea saying it will be a tear down and will cost an additional 300K.Is it really not worth pursuing the property given...
Melissa Harris
Can you refinance out of a hard money loan?
My business partner and I have found a great deal for a buy and hold but it definitely needs repairs. We would like to use a hard money lender to finance the purchase price and repair cost. I spoke to one this morning...
Delaney Mizell
Preapproval letter with $0 in the bank while using seller credits (WA)
I am buying my 2nd live and flip (~300k) and want to use another 3% down conventional, I also plan to get 4-5% back in seller credits at closing meaning I will need maybe 1% of purchase price in my bank at closing aft...
Horacio Gutierrez
Lease option and master lease option
Hello,
When you do a lease to option or master lease does the rent you pay the seller counts towards the down payment or doesnt, and does the seller besides option it receives can he add a little higher rent to recie...
Min Lai
Which tennant is better
I currently have two applications:
1. A single man who just divorced and got debts from the divorce. He said his credit was serverly damaged by divorce, so he would like to prepaid 10K around 7 month rents but he don'...
Cameron Salmon
Better to use Owner Financing or Subject to?
I have a property I want to buy from a couple getting a divorce, but it has an existing mortgage with a balance of $150,000. Asking Price is $180,000 with $20,000 down payment. He's okay with seller financing, but is ...
Lee V.
Tenant wants to pay for a 6 month lease up front, should I do it
A 20 year old college student is wanting to rent my cottage for 6 months because she graduates this year and is planning on moving out of state. Her grandfather will be paying me the full amount up front. She is curre...
Tim Vecchioni
Developing relationships with HML before 1st purchase?
So I am finding my first problem. The fear of finding a deal and not being able to finance it. A lot of deals require a EMD. No problem. However, if you get that deal and put the EMD in, now it's on you to find the r...
Dan Previti
New Partnership of friends looking to get started!
Good morning all,My name is Dan and I've been lurking on and off of this site and listening to some of the podcasts for about a year so far.A few close friends and myself started a General Partnership officially as an...
Maurice Smith
refinanced my loan , need advice before closing
BP,
I need some input , what would be considered a good interest rate on a 4 plex investment property ( non owner occupied)? I closed at 6.125% with a loan amount of $277k back in feb 2019. I refinanced at 4.875%...