I helped a client, @Martin Yung, buy this home in Raleigh, NC back on November 19, 2015, managed a light rehab, and got it rented. The tenant moved in on January 1st, and I wanted to document the process for my fello...
Hello BP
I would love for some more experienced REIs to have a look at the details of a recent purchase my partner and I just completed and give us your thoughts on how you think we did.
THE PROPERTY
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so...a long, long time ago, in the days before the internet they used to do "foreclosure" or "trustee" sales on the court house steps. Basically, a homeowner would not pay his mortgage, the bank would reclaim the hou...
Hi all, I've got a verbal agreement on a 2 bedroom property that works great for the BRRR strategy. All the numbers work, the property needs a little cosmetic love, and will rent very quickly. I'm excited to start o...
Hello! Thanks to you guys I just purchased a rental property in Minnesota! It's a SFR bought for 60k cash. It appraised for 90k. My questions are: 1 - What are my options to get the money out to do the BURRRR method?...
Hey BP!
I recently got an FHA loan quote from a lender and the total cost down was a lot higher than I anticipated.
Here's some of the numbers
$140k property
3.5% down
Mortgage $980~/mo
Total money down $9,800~...
Hi, I've heard a few times from Brian Gibbons about utilizing seller concessions over rent credits. Can anyone explain the difference? Also is it still possible for a small time investor to put a house on the market u...
Am I missing somethiing? I just completed a "mini BRRRR" ... my SFH needed more than just cosmetic and less than a total rehab. I paid cash up front. Spoke to my lender today about refinancing and she told me the l...
What type of paperwork are you using when selling notes. Purchase and Sales Agreements or other forms between note seller and note buyers.
I'm considering using a PML and putting up a rental property I own out-right to buy another investment property for cash. It would be a 50% LTV. The lender would be the mortgage holder on the Deed on the propert...