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Looking to do my first MF deal, but there seems to be a wide variance in rates - anywhere from low 4s (brokers, but charge an additional closing cost) to high 6s. Where are folks finding the best combination of rates...
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What to private mortgage lenders generally require as far as LTV? Like if I am looking at a house that has a ARV of 100K what could I expect to get out of a HML and does that include rehab costs?
Is there a good stra...
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Tenant has been renting my property for 8 months. They paid the rent on time for most the first 6 months. The last 2 months the rent has been late. The late fees were always paid per the lease agreement. However, this...
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First, a quick background on my situation. I own a condo in a ten unit building. There were plans for additional buildings but the developer ran out of money and the property is currently going through foreclosure. Se...
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I am a Real Estate Agent, and I would like to start developing land in NY. I would like to get a group of investors together, but my question is how would I get paid while the project is under development? I know that...
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I set up a rental management account on Zillow last night. Posted my rental. Got 2 interests. This morning I logged on to view the account and it was disabled. I contacted support but have not heard back.Has anyone el...
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Hello BP Readers,
I have been involved in the RE field now for 2.5 years. After purchasing 10+ out of state properties with all cash in the $50-100K range, i ran out of funds. I then obtained $500K LOC (Line of Credi...
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I currently own a pre-fire 3 flat (aka VERY OLD, 100+ years) in a very desirable neighborhood of Chicago and when we purchased it, we purchased it for the land value (tear downs all up and down our block). The house i...
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Our start wasn’t easy, fell into our first rental – it was a failure…however the learning experience helped get us to where we are today. Reflecting, we’re very thankful for the learning experience (and work to never ...
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I've browsed through the forums and wasn't able to find anything on this, but I'm sure other people have this same question. I own 6 properties all financed with conventional 30 year mortgages. I'm considering ad...