Do you require that household income be a certain percentage of the rent in order to qualify them? My Dad told me 25 years ago not to buy a house that the mortgage payment is more than 25% of your monthly take home. ...
I'm finally starting to call/email sellers on craiglist for leads. I have one woman interested in my offer to Rent-to-own her home. The home was purchased 3 months ago and has had some renovation... i only have one co...
Considering taking out a HELOC on primary residence to purchase 1st rental property. Lender is offering fixed rate on the HELOC as long as the account is open for 3 years. Would it be better to use the proceeds on a t...
Newbie realtor here! Wholesaling sounds a heck of a lot like a “net listing”- which is illegal in my state of New York. Can anyone clarify? Thanks!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $900,000
Cash invested: $120,000
Sale price: $1,700,000
Contributors:
John Whitney,
Victoria L...
Hey BP- working on getting a refinance for a recent SGL family purchase. When speaking with a lender from a local bank, he mentioned I could get a 30 yr fixed rate at 5.25%. However after turning in some documentation...
On the top of my head there are different ways of managing your multifamily properties, (7-12 units) I am curious as to your experience of how to best manage it in a B to C class neighborhood. 1. Managing it yoursel...
For all of you aspiring real estate entrepreneurs and investors who want to make money in the real estate game Lease Options and Options are great way to accomplish this with little money or no credit. Let's examine t...
I think from reading MikeOH's blog that he seems to most of his own maint. I don't have that many houses but I do all my own work,several major remodels done and working on one now. I have read some posts that your a...
How can i find Hard money lender? And why do they need play this role ?