Mike Frank
Subscription agreements / private offering
When investing in a private real estate offering, one signs a subscription agreement. This document was countersigned by the investment opportunity provider (the LLC) and did get a receipt of funds provided. What ar...
Account Closed
FHA Owner-Occupied Multi-Family Loan Program
We are looking to purchase an OKC four-plex. My question is this:Isn't there an FHA Owner-Occupied Multi-Family Loan Program requiring only 3.5% down?We have sold our home and truly do intend to occupy one of the unit...
Ken Vogel
help me build confidence in my analysis
Im new to multifamily and looking for one on the west coast. Found this is Boise and ran some numbers. Please help me confirm that this is a bad deal. My logic says that its inexpensive for local duplexes on the RM...
Joe Payton
Bidding on GoHoming
Below is the correspondence with gohoming this morning. They are a BPO auction house and are posting "Minimum Bids" which once met, are somewhat less than "Reserve" which they will not disclose. So you have any experi...
Beth Anderson
Is it smart to buy a house hack that we couldn't afford without the rental income?
I looked at a house today that would easily be subdivided into a 2/3 bedroom home and a 1 bedroom apartment. But we could not personally afford the mortgage on this place without a renter. Do I keep investigating or s...
Samir Patel
Deal Analysis for House Hacking
Hi,
I want to locate my first investment property that I plan on purchasing with an FHA loan and house hacking (living in one of the rooms and renting out the others) in Northern Virginia. Since there aren't many mul...
David Fernandez
How much to borrow when appraisal comes high?
Hi!When you are refinancing a property and the appraisal value comes back way higher than your purchase+repair costs; how much will you borrow? The max the bank gives you to continue growing your portfolio? A prudent ...
Paul Honen
House Hacking Numbers
Looking to house-hack a triplex in Chattanooga TN, where the numbers are showing me paying/reserving a little more than half my current mortgage (889) while I'm staying there, which comes out to about 544.92 that must...
Michael Krassos
Help Me Take Next Step
Hi all, I am new to real estate investing and have been educating myself for the last 2-3 months. I feel ready to take the next step but want to confirm what my next steps should be.
I will start with a buy and hold...
Alisha Decoteau
Joint Ventures for Multi Family units
If two LLCs are in a joint ventures can both companies go on the purchase agreement for MF or does one company have to go on the purchase agreement and a separate contract between the two LLC.