I spoke to a local lender who told me that cd's could be collateralized for loans of 80% total ARV. With the cd as collateral they will quick cut checks for the re-hab per your own draw schedule. This was exciting to...
I’m looking to borrow capital from a friend to help with purchasing my next rental property. I’d like to know what a fair interest rate (range) would be to offer him as well as the terms for this type of loan. Thanks!
I am considering either acquiring or master leasing a property from a seller/owner.There is a HELOC in 2nd position w/ $51,000 balance but has a maximum credit line of $350k.I would like to leave the loan in place if ...
Hi all,
I am thinking about buying a Duplex that might have the ability to be converted to a Triplex. I spoke to the City of Oshawa (licensing department first). They said that kind of project would basically convert...
Hello everyone,
I've got 3 single family row homes in West Philly. One of them is fully rented, at about $900/month, the second is likely to finish rehab late this year, and hopefully get a tenant early next year. Th...
So, fairly new investor here. I see a lot of end unit brick rowhouses on sloped lots that have some kind of structural issues. Some minor stair-step cracking in the mortar, some slight sloping in the floors and out ...
So I have done several deals in Utah & AZ but I have not done any recently in the last 12 months. I got an email this morning from BP about how this guy (success story below) purchased a triplex for $14K. See stor...
I have a property I am interested in selling which has a tenant in place who is current on the rent and has lived in the property for a couple years. The tenant has no idea I am considering selling the property and I...
Hi,
I am looking to buy or build a small home with a business below, in the most cost efficient way. I was thinking using shipping containers or someone mentioned modular homes. I would like to know what are the bes...
Hello from RI...I have been reading this forum for a couple of months now and have been learning alot. What I do is nowhere near realestate investing ( I work at a help desk) but a I have the desire to end this 9 to 5...