Elle G.
Looking to make my first investment - would most likely need to be out of state
Any advice as to where in the US to make the most out of an investment property purchase for under $180k? Or is this an unrealistic amount? And it would be best to find a "team" to include for helping find tenants ...
Ben Winchester
Realistic Returns.. Real numbers
Hey BP peeps,
I have an extremely broad question because I'm looking for some broad-ish answers.
I want to know some realistic returns some of you aim for and get. Im talking after expense goals, before expense goa...
Eddie Sorrell
When is the right time to refinance and cash out?
I have the opportunity to close on our first four-plex tomorrow! When is the right time or is there a minimum amount of time I need to consider before a refinance and cash out to invest in next property. Our goal is 2...
Nick Abbate
Wholesaling Questions?
Hello,
I wasn't sure where to post this so I figured I would post it here.
This is the situation:
Looked at about 20 REO properties, this weekend with a...
George Duchatelier
Information on LOAN+ REHAB (just looking for the process)
My partners and I already have 2 Buy and hold properties in OH. We are thinking about buying a triplex which needs a FULL REHAB. The cost of the property is 18k.As far as getting a loan to buy and rehab the property, ...
Michael Sontheimer
Looking for a Portfolio loan or similar
I currently own 6 small single family rentals (one is a duplex). 3 have mortgages, one has a HELOC and 2 are owned free and clear. All my mortgages were refis. However I only got 60% LTV on the refis because my income...
Account Closed
Utilizing private money lenders
I recently found a property that I would like to rehab and sell. However, I can't finance it myself and I am in search of a PML. My questions to the BP community are: do you have to put money down (if so, how much?) a...
Benjamin Hovig
Pre-Foreclosure - Owner Deceased
Hello,I am interested in everyone's feedback on the following:Property is a Pre-Foreclosure. NOD Filed 2 months ago. Sale date scheduled for 2 months from now. Loan amount is considerably lower than market rate.It ...
Jay Holder
Need Help Understanding a Lenders Deal
I am working with a lender on a property and they seem to be willing to work with me. The one thing I need help with is understanding their term sheet the way it is written. Based on the below, it looks like on this...
Bruce L.
Is my contract voided? illegal?
I'm selling a property and had it listed on the MLS, we have already opened escrow, completed home inspections and appraisal , and past due diligence period
The buyer's agent put in a purchase price of $150k, however...