What would be your investment strategy to scale the quickest and why? Choice 1: Smaller and "more affordable" market. Purchase 2-3 properties cash and renovate each property to have ~120K equity in each to rent an...
Ashley and I recently came across a listing with “possible short sale” in the title. If you don’t know, a short sale occurs when a bank agrees to accept less than what the borrower owes on their mortgage when the prop...
Is it doable? Lien $450k, homes current value=$400k
I am a new investor and have set a goal to buy my first property within the next 6 months. I have only a small amount of capital to put down as a down payment, so I looked at what other assets I have at my disposal...
I am looking for a realtor in Arizona that specializes with assumable mortgages. This seems safer then subject 2 deals but all the benefits with little down. Not the 20% with a conventional loan. Any contacts? or wis...
Hey everyone,
I’ve got a cash buyer to buy my home. I owe about 200k on it. I’ve agreed to 200k down and 200k financed over 5 months. The next question is should I pay off the mortgage company as soon as the down pa...
We are getting a 2 story property ready to rent. Previously the stairs were carpeted. We removed old carpet and found fairly decent hardwood. I think hardwood stairs are beautiful and carpet gets stained easily. My hu...
I bought a house and did a ton of work on it. According to my realtor I have around 30k in equity. I buy and hold so selling isn't really an option. Do I A: pay it off and up my buying power through increased cash...
Hello everyone,
This is my first property bought April of 22 @342,000 w/a 3.7% interest rate. I owe $320,798.76. Estimated value is about $404,379 but may not be accurate(it’s the amt that shows on my mortgage compan...
I am considering selling a home as a hybrid: Subject-to my existing mortgage (@3.6%) plus cash and owner financing for the difference. How do I handle the insurance and taxes? Does the buyer pay my regular mortgage...