I was recently informed that there are portfolio lenders that don't do a credit check, don't require an appraisal (possibly BPO), or tax returns, etc and are truly asset based. Is this possible for a cash out refinanc...
I currently looking for a property to purchase to make my first rental. I evaluate everything that comes on the market everyday and made a few offers but have not been able to land a deal yet. Should I sit on my cash ...
I dont like to let my money sit around in a savings account. Its just sitting there not making any money.What is everyone doing with money they are saving for a purchase and dont plan on using for 6 months or longer? ...
Would sitting down with a real estate CPA and tax advisor before beginning to build a portfolio be overkill? I've heard so many horror stories of investors getting the rug pulled from under them come tax time. What re...
Hello All I was wondering if anybody can provide me some helpful tips to evaluate the rental market. By ‘rental market’, I am not referring to whole metropolitan area. I am talking about evaluating a neighborhood or s...
I have a property that was a complete nightmare to rehab. Hindsight, I should have knocked it down and started from scratch, but that's all behind me now. So, the home is finally finished and has been for about a mont...
does anyone have any experience with using their current homes equity for down payment on another home? I have a lot of equity on my current home and was thinking of taking some out in the form of a HELOC as a down p...
I'd purchase something for 1 or 1.5 million tops and sit on it until the market came back up. There are some nice foreclosed homes in the market right now.
Thx in advance for your thoughts / ideas. I have a SMLLC that owns 2 commercial office units. Both units have leverage from different banks. The details - Unit A value of $1.65M / mtg of $400K @ 3.25% (balloon in 6...
Need some advise on whether or not to buy this bank owned property. Biggest X factor is when we did our walkthrough, we noticed basement ( unfinished) is totally flooded with sitting water ( too high to walk through) ...