I am a builder and have negotiated a price for a 3+ acre lot in a highly desirable town here in southern Maine through a private sale. It is 5k less than asking and 15k less than any other building lots in this town. ...
I have a deal on the line with an older gentleman (70) in poor health. It doesn't sound like he has any heirs, and is looking for living expenses until he passes. ($1300 mo) Zillow offered him $160k for the home(3bed...
Hi, My question is how does a personal mortgage debt effect getting commercial loans; Scenario, I’m thinking about selling my personal house and one rental to stockpile a significant amount of cash for future purchase...
$48,000 HELOC taken out of rental property #1. Bought rental property #2 with HELOC, spent $26k of own money for remodel, property is cash flowing ($1100 rent-$142 HELOC interest only pmt-$60 insurance=$898. Estimated...
I am new to REI. I work for KCS Railroad, I have a family and home that I take care of. I am currently trying to wholesale and get some SFR rental properties to create an extra/passive income. I have been at it for a ...
I own a rental property in Denver that is producing 12-13% Cap rate. I owe $165k on the property and I am in the process of refinancing my primary home to pay off the rental property. My initial reason for doing this...
I understand that, as a buy-and-hold investor, it is important to set aside a certain amount of cash in order to cover maintenance and capital expenditures.It seems a bit odd, though, that these are typically expresse...
I'm in the saving phase of my real estate investing so I am currently looking to stock pile as much cash as I can and LEARN as much as I can while I do it. I'm planning on purchasing my first investment property in 12...
So right now I have super limited income. I get about $750.00 a month in SSI and have about $1500 in resources (checking/savings) (the max you can have with SSI is $2000.Heres my dilemma I'm facing. I have a lot of he...
Hi Folks, I'm fairly new to RE investing and wanted some input on using interest only mortgages/loans. I currently have 3 properties under contract. Two of the properties I plan to sell within 1-3 years. The third is ...