Jason Ray Richardson
First Real Estate Buy
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $32,000
Cash invested: $40,000
I purchased the home next to me out of foreclosure. It was my first investment prope...
Jason Ray Richardson
First Real Estate Buy
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $32,000
Cash invested: $40,000
I purchased the home next to me out of foreclosure. It was my first investment prope...
Isaiah Jones
First Rental Advice Part 2
I made a post a few months ago asking for advice on how to fund my first rental. Since then I have refinanced my personal mortgage to a conventional loan instead of an FHA loan. Now that I have a conventional loan I c...
Brian Ontko
Out of state perceived value
Market value vs investment value. Will there come a point, where out of state money will pay over market value, if it’s still a better investment than they can find locally? I own a duplex in Ohio that’s worth about 7...
Brad Estess
How soon to get a HELOC
I am about to close on a SFH that will be my primary residence. The house appraised for more than I am paying. I would like to get a HELOC on the house to have some dry powder as I start looking for investment prope...
Ty B.
Irrevocable trust deal
My wife and I are currently trying to buy my fathers house that is in a IR trust. It goes like this.My wife is buying the property solely due to my credit situation not being so great.I am listed along with my two ot...
Nicole Stoddard
ARV was less than what we paid for our first property
So, my first lesson is . . . DON'T TRUST and DO VERIFY. We are into our first duplex for the investment cost of 2 or maybe 3 properties in the area because we believed the wholesaler (a reputable company, they are all...
Eric Jones
Cost segregation study with furniture
Hey everyone! I am about to make an offer on a house full furnished. I have heard it would be advantageous to have written into the contract a price for the furniture. Will this help when doing bonus depreciation? Tha...
Hassan Omar
Have any banks declined to pay your option fees?
This hasn't happened to me yet, but has for a friend of mine. He was trying to get paid a $15k option fee on a simple $150k deal, but the bank funding the buyers loan balked on paying the fee even though it was to com...
Andy Ferrell
Newbie from Nashville + Conventional Financing Question...
Howdy - I've been a member for some time, but only recently developed serious interest in RE investing. I'm going to start with a buy and hold strategy and see where that goes in the next few months. I have some sav...