I have a fix and flip completed and sold today but I am not sure how to calculate the actual profit. The cost of the house was 210k I borrowed 34k for the rehab. I would use my own money then the lender would fund it ...
I manage a residential single family property for an owner. Last week a very large tree fell on the home causing significant damage to the structure and forcing the tenant to be relocated temporarily while the insuran...
Hello all, first post! I moved for work into a fairly hot market for real estate, Asheville NC, and I’ve been seriously considering real estate in the area as people are coming here in droves. I don’t have a ton of ca...
I have found a great deal that is 63% LTV in Florida. Unfortunately, all the hard money investors are asking for 10% of the purchase. Is this required?
Does anyone have experience working with New Western Acquisitions? What is your opinion of their process, people, integrity, anything? I have an opportunity to work with them not related to buying their properties.
Is interest rate cap payment received by the borrower considered income?
Is the following statement true:
Under Generally Accepted Accounting Principles (GAAP), interest cap premium payments received by the borrow...
Hi,I bought a home on a commercial renovation loan structured as follows. Before construction, the home was appraised for $80,000, and after-complete the appraisal value is $120,000. The lender was supposed to disburs...
I had a house rented in 2020 and 2021 to a tenant who quit paying due to job loss as a result of Covid. Because I was not receiving rent, I did not deduct depreciation. She applied for rent relief and I was reimburse...
Here's my experience with online lead company ISpeedToLead so far... Could be "iffy" we'll see.
Below are examples of my last 3 leads which cost $1,160.00. I'm giving as much objective transparency as I can below...
I'm a newbie in Michigan and property here requires, so far as I've been told, 13 months of prepaid taxes. I'm wondering if I should be figuring that into my cash in cash return since I will need to bring it to close,...