Luis Bermudez
Proof of Rent Roll For Small Multi Family Units
I'm a newbie investor. What time tested techniques are there to confirm rent collected when compiling your data for analysis? My farm area has wild swings of the rental pendulum rendering rentometer less effective t...
Jay Voorhees
What is the optimal down payment? Hint: It's less than you think
All too many homebuyers mistakenly believe that they need to put down as much as humanly possible for several reasons: (1) they want to minimize their housing payment; (2) they want to minimize their debt load; and (3...
Tom Doherty
Anyone ever purchase from Auction.com ??
BP,
Anyone familiar with auction.com? Have you bought from the site? I assume it is similar to a sheriff sale but just online. Any success? What is the process?The reason I ask is there was a proeprty (REO) on the ML...
Anna Catron
COVID 401k loan or distribution?
I had COVID (totally no big deal), so I'm allowed to take money out of my retirement accounts. Any thoughts on this? Anyone doing this? My vision is taking out the cash, BRRRR, repay within 3 years and viola I got ...
Anna Cerda
Bank Statement Loans
Hi, can someone provide information on bank statement loans- process, rate, cost.... just to have an idea... someone who has purchased with this type of financing.
Matthew R.
FHA on multi-family with currently leased units
I have a question regarding financing for an 'eventually' owner-occupied duplex...The duplex we're looking to purchase has both units leased until June 2017; one has been on a month to month arrangement, but the selle...
Bill Ward
Rent out primary and move into free apartment
I'm just writing this because I'm getting excited it may be about to happen. I'm not sure how calculations would work on this: essentially I may be getting a free apartment through my job. I just pay utilities.My curr...
Brandon Davis-Dukes
1st Flip Any Advise?
Hi i’m working on my 1st
Flip in Belleville Nj. The asking price is $155,000 and the wholesaler who is also an agent says the ARV is $290. After running comps I noticed the ARV is between $240,000 and $250,000. I’ve ...
William C.
Tenant is late on rent
I have a tenant whose rent is due on the 1st with a grace period through the 3rd. I contact him on the 5th and was told he is in the hospital and he would pay the rent plus the late fees. I still have not received t...
N/A N/A
Is Homestead Exemption a real consideration during auctions?
I was reading an older book (2000) by Dallow where he states that in foreclosure auctions in NY, the buyer has to pay the homeowner $10,000. But I can't find anything online to confirm that. If anything, it sounds l...