Connor Deneen
Assignable Mortgages and creative financing
Hi everyone, I am trying to learn a little more about assumable mortgages. I have a potential deal where the seller owes 100k on the property and their mortgage is assumable. All other factors taken into consideration...
Account Closed
Adding ADU to fourplex in California
So apparently the ADU law (SB 1069) in California allows the addition of an ADU to a fourplex.Does anyone know if conventional lenders will still consider this to be a residential property?(Is it still a fourplex?)If ...
Justin Knighten
Refi out of bank loan question
We bought a house in March using a loan through a local bank. The balance is about $145,000 on a 25 year loan, at 4.24% but that can adjust every 5 years. This wasn't a total BRRR deal, but we have fixed a little an...
Darren Little
Tenant in Foreclosure Situation, Want to acquire & Wholesale
My girlfriend is currently living in a rental where the foreclosure process has recently began.
Having yet to make my first real estate deal, this seems like it might be a prime candidate to do ...
Owen Dashner
Spicy Little South Omaha BRRRR
Investment Info:
Single-family residence buy & hold investment in Omaha.
Purchase price: $45,000
Cash invested: $6,000
This is a smaller starter house right by (like literally by the parking lot)...
Vincent Priore
How to Finance a multi that is underwater
I recently made contact with a potential seller and am trying to structure a deal. I need some help on finding a way to make this a win-win, here are the key points:- 4 Family bought at the height of the market in 20...
Jena Miller
Selling to a private equity investor
My former primary home is on the market for 2 weeks with current ARV ranging $903K - $1,064,200 and received a call from someone I presume is a private equity investor with an initial verbal offer of 980K and then a f...
James Sloan
Non-recourse Loan Refinance out of my name?
Is it possible to refinance a property with a strong income history out of my name and into an LLC with a non-recourse commercial loan? Has anyone else done this? Is it possible to do it with multiple properties that ...
Kevin Ward
VA Assumption Question
Hello everyone. Thanks in advance for reading and replying.Currently buying a property through VA assumption with a second mortgage company to cover the cost above whats owed by the seller. Underwriting for the assu...
Eric Carr
How much $$ reserves do you want to potentially semi-retire?
I have 11 units in the Twin Cities. My total of all annual expenses is about $220K- everything, insurance, haircuts, leisure travel, property taxes, etc all included in there
I dont want to semi-retire any time soon,...