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Hi BP,
I need a little guidance. I have my tenants mail their rent to a PO box. My rule is that as long as it is post marked by the 5th it isn't charged a late fee. I have a tenant who has lived in one of my unit...
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I'm planning to invest in my first buy & hold for renting out. My intent is to purchase and rehab it using my Solo 401k, together with a non-recourse loan from a hard money lender (I know several via a local REIA ...
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We have done our due diligence (i.e. visit to the site, title search, hiring an attorney etc). on a property going to auction in a couple of months.
However, out the blue, we recently received a call from our attorn...
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Hey folks, bit stuck on this deal and would appreciate any advice.
Purchase price: 60k
ARV: 80k
Rental: 1450/month
Property tax: 166
Vacancy: 7%
Capex: 5%
Maintenance & repair: 5%
Utilities: $150/month
Insuranc...
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Hey BP,I just got approval for a 350k loan for 20 years ARM (5 yrs fix) from a local bank (Chelsea Groton Bank) Purchase Price for the deal is 550kThis is my first time getting a bank loan, what should i expect. What ...
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I'm currently looking for a multi family property that would serve as my primary residence. I can find a property but the hard part is getting into it. I have been a real estate agent for under a year and banks will t...
Hello,
I am new to real estate investing and wanted some guidance regarding mortgagees.
In the later part of last year I closed on a triplex in the Los Angeles area that cash flows and is currently fully occupied. ...
Hey guys, Sometimes its the simplest concepts that lead to my overthinking and confusing myself. However, how does refinancing and taking cash out work?Lets assume I purchase a property with a $400,000 loan (LTV of 80...
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In need of some help everyone, Here's the situation I have. I'm trying to get conventional financing for a SFR. The loan officer says everything checks out and is ready to write me the approval except my DTI is artifi...
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Hello,
Can someone explain to me the process and creative ways I can go about getting a 10 units similar to this one ( see below)
Just a little history on me.... My girlfriend and I recent bought a nice 4 family in...