COVID-19 continues to hit the U.S. hard. There has been a lot of discussion as to what kind of impact, if any, the latest stimulus bill will have on tenants who are struggling to pay rent month-to-month.
We belie...
So I want to start making offers on some houses around town for rent investment properties. I'm not too brushed up on how mortgage loans work. I've heard of this mystical 3.5% rule tossed around, and was wondering wha...
Hi everyoneI am new to real estate so please bare with me. I recently bought a house for 140k (sale price). My lender loaned me 172k which included 119k to purchase the property (I put 21k down) and 53k in renovatio...
I'm curious if any of you have ever done a wholesale deal directly with an agent? i.e. Have you found a property well below market value listed by an agent, and gotten the property under contract with little money do...
How do these two rate as first time investments?
Why do wholesalers only request cash from buyers? I've saw a 200 million hotel that a wholesaler is selling and I know that person can not be expecting cash from someone. Plus regardless if you pay cash or financing i...
Apologies, I originally put this in the wrong forum! I would very much like to try crowdfunding REI. What are some platforms you have had successes, and failing that, terrible experiences with so far? What would you c...
I was asked to send pre approval letter in order to see a property, I'm not using a hard money lender, I have a PML. What should I do??
Thank you for your cooperation
Hi I’m a newbie trying to get my first deal and have the following question. Has anyone done a Loan for the down payment and another loan for the mortgage for one property such as a turnkey?
I need some advice. I have been working with this lender for about a year now. I have not been able to fund a deal with them as of yet. Their criteria is very strict, and their money is very expensive (6.5 points, 1.5...