Last year bought a single family home and legally changed it into a duplex. Spent $260,000 on purchasing the home and another $30,000 on renovations etc... Cap rate is almost 10% when entirely rented out (I'm presentl...
Hello , since there’s so much knowledge in this forum I thought I throw my situation in here to see if you guys could help me out figuring out what options I might have. So my mother in law purchased a home four years...
Hello BP,
I was just informed my closing will be delayed because the previous owner has not paid taxes on the property for the past three years. How will this affect me? Will I still be able to close? Will I be held ...
Why dont banks lend to paid off propertys that are appraising 50k??can anyone recommend any banks that are willing to work or lend ltv for houses that are 50k most banks want house to appraise at 100k i am in nj
I'm not understanding the refinance aspect of BRRRR. In my scenario, I'd like to rent out the house I'm currently living in. The house was a foreclosure and I was able to get it for way under market value. The idea...
We are about to go into our first flip, (once we have found the right home, searching for one now in central FL). What should we be looking for in a Hard Money Lender?
I am a single father of 2 in grants pass oregon who owns a riverfront property with a 1963 single wide mobile. The house appraised at 270,000 but i am having the HARDEST time finding a lender for a heloc on an older m...
My idea is to get the seller to make my 15-20% down payment. In my area small single families sell for around $50k. My idea was to offer slightly above ask, say $52k with the seller giving me back 15% or $7800 for my ...
I have a good idea of how a HELOC works but not the full story. I want to use a HELOC for the rehab of an investment property that I’ll be purchasing soon. But I’m at a halt because of the extra Reno cost that came up...
We are trying to close a property in Indiana and the lender we were looking to use can't close within our 9 day close period because he can't get an appraisal in the time frame. Is anyone else having this issue? What ...