Christian Rafael Gongora
2nd SFH using the VA assumable loan
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $245,000
Cash invested: $15,000
Contributors:
Keith Andrews
6802 Sabinal was my second purchase. Th...
Koel Gaylord
usbank say "no" to deed transfer.
I bought a duplex in 2010 in my personal name, however, in 2012 I formed an LLC and last week I called my bank to let them know that I plan to transfer the my personal name from the deed into my company LLC
The bank...
Kay Brown
Is HIS Capital a scam?
Hi,I’ve done a few hard money deals and I’ve been trying to cash out refinance a rental that’s just about finished. The home is only worth about 85K so I’ve had a hard time finding a lender willing to work with smalle...
David Weis
Can someone explain HUD and Fannie Mae?
Excuse me if this is not the right forum.
I am in Tampa, Florida. I see a house that SunTrust Mortgage bought at auction in August 2013 for $72,100. The property appraiser's website shows a Certificate of Tit...
Shawn Krieger
are these good terms for dscr
TBD, LLC
No. of Properties 1
Quote Date 10/20/2023
Property Value $ 549,000
Rental Income $ 8,125
Taxes $ 6,339
Homeowners Insurance $ 1,974
HOA (if applicable) $ 0
The above information was used to calculate ...
Seth Roland
Advice on Getting a Lender/Financing
Hello all,
I'm just starting out on this journey. I'm 24 and still in the "learning stage" but want to move forward on my first purchase in the next ~12 months. I want to narrow in on using the BRRRR strategy, but tu...
Tyler Hallman
Cap Rate.. based on previous owners purchase
I am new to running commercial deals and when looking at cap rates and NOI the numbers don't quite make sense.
Example:
Asking price - $1.175m
Cap - 6.36%
NOI - $74,000
Its a 5 unit in Denver, Colorado. I can s...
Jay Kukla
Need help ASAP ! Want my buddy’s house that’s in foreclosure
Need help ASAP ! My buddy just told me his house goes up for foreclosure May 1st. What do I do to get it ? Appraised at 364k owes 264k
Robert Larue
Unique PMI Situation, what can I do?
Hi all,
I am purchasing a single family home (It was originally a duplex, and is still zoned as a duplex, but the current owner turned it into a SFR). The bank appraised it as a SFR, did my loan as a SFR (5% down), a...
Brian Hartman
Purchased a Triplex Zoned SFR
I made a mistake!My wife and I recently purchased our first small multifamily property which is our 5th rental real estate purchase in the past four years. The property seemed to match all of our criteria and gross r...