I was seeking a new rural property but all the locations have older homes with poor condition. I contacted my preferred banker and they said I have to pay off the mortgage on the new property even before I consider...
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My realtor submitted a assigned purchase contact on a wholesale deal. Bank states they don't accept assigned contracts and wants proof of funding.I mentioned a double closing and was told this is illegal. I have messa...
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Is pre-approval necessary when doing seller financing? I ask because I recently came upon a deal and the wholesaler is asking if I have been pre-approved. Seller financing is available in the deal rather than paying a...
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I've been keeping my eye on San Antonio a bit as it seems it's going through a correction and potential for cash flow may be increasing. It seems potentially possibly to get a property for 150k that can rent for $1500...
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Hi,I have a 2-part question seeking some level of clarity from the group as my own research has not been conclusive.I would like to set up a LLC primarily to hold RE investments like private equity/debt funds or syndi...
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Hi all! I understand that in order to use a 203k with a non occupying co borrower for anything between 2-4 units (basically other than a SFR), the down payment increases from the 3.5% to 25%. I am a bartender and the ...
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This is a new one for me so I'm looking for some advice. I have a client with a high-end SFR that was bought this year through a SDIRA.
It's an investment property that has a zero balance on it. My client would like ...
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I’m starting my first house hack, and I have one more room to fill. I gave a friend a good deal on the first room, but I just put up the listing for the other room two days ago. Since then, I’ve had 9 inquiries about ...
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Hello everyone!My wife and I recently bought a fixer house (3/2 with two car garage) as our primary residence in Hialeah, FL and want to get into house hacking to offset our monthly payment. As it's pretty common in M...
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Hey Everyone! Looking for some different perspectives, advice and incite on how someone else would tackle my current financial situation to get another deal.
The Goal - To tap into current equity on my primary reside...