Naskat Williams
My First Flip
I have a house under contract for $70,000 and it needs $30,000 in repairs. The ARV of the house is $140,000. I am approved for a hard money loan, but they want me to put down 10%.My credit score is 600, so I have to p...
Peter Petwr
Blanket loan for 9 rentals? Or Private money?
I was looking for a first investment and as I was looking around I came across 9 houses that are cash flowing Gross 1.7-2% of their value
They seem to have strong rental histories but I'll be doing due diligence late...
Paul Sandhu
My town made the national news
It has the lowest average mortgage payment in the country, $205. I've been tooting that I live in the worst town in Kansas, this is sort of an example. What are mortgage payments in your market?The cities with the h...
Ryan Smith
Bought a nightmare property- could use some help
Nightmare story,I've bought many homes before but this was by far the worst ever. I just bought a seller financed property in Dunn from a person that I previously trusted. I definitely should have done my due diligen...
Jesse Kleiber
Are there Benefits to HELOC on Primary vs Rental Properties?
Hi all,Feel like I have this one kind of sorted out but I just wanted to run it by some people who may know better than myself.The plan is to pull out a HELOC to help subsidize a downpayment on my next rental property...
Yan Do
Where to temporarily keep a large amount of money after selling?
I am going to sell my home and buy a new one. After I sell my home, where should I temporarily keep the large amount of money (>$500k) until I buy the next home? Should I keep it in a high yield savings account?
DAVID SCHREIBER
Apparently a mold issue. What does this mean?
Looking at a foreclosure. One of the upstairs bedrooms had this sticker on the wall.In the basement and the garage it appears that they sprayed white paint of some sort on all the surfaces. Either to improve the ap...
Gaurav Nandola
Buying a home with un-permitted room addition
Hello,I am trying to buy my 1st rental property. The numbers look good with a positive cash flow expected. However, it is a 1200 sq feet home, which was converted from 2 bed to 3 bedrooms without a permit. I am not su...
Gorden Lopes
An out of state BRRRRFect deal in Huntsville Al!
Investment Info:
Single-family residence buy & hold investment in Huntsville.
Purchase price: $70,000
Cash invested: $36,000
My second BRRRR deal, bought it for 70K, rehabbed it in 36K and got it...
Rich Weese
American Idol----
I REALLY miss Adam Lambert! My wife is making me watch Idol tonite. Does 1 of the 3 HAVE to win? Any bets on the winner? Will that winner ever make a hir album? Rich, falling asleep!