I am new in Real Estate and was approached by a money lender in a FB group page. He told me he could finance my first real estate deal at 4% on the loan. I liked the interest rate but I asked him what were his terms a...
My wife and I are opening a HELOC on our current residence to have as backup for a property we are about to acquire. We should have the cash for down payment and rehabs but just wanted the money available for any unfo...
Looking for some financial and practical advice on my investment idea.1. I have an income of $60,000 per year.2. I want to buy a three bedroom townhouse for $290,000, with a down payment of 10%. I'm thinking an FHA l...
Hi everyone, I have been looking to establish relationships with money lenders. I am wondering if the terms sent to me by a private money lender are normal? I am copying and pasting them to this post to see if I can p...
Hello Everyone,
I am a new investor and I have a client that wants to sell a hard money loan.
The current loan amount is $180,000 and it has 120 payments left. It is currently at 12% interest and she wants 8%. She a...
Neighbor down the street from me puts a "For Rent" sign in his yard. We look online - no MLS listing. Property up for rent by owner on Craigslist. I email the guy and ask him if he has considered selling his home. He ...
I've hit my 45% debt to income ratio with closing on my 3rd property. Besides partnering & increasing my W-2 income, how can I still scale my rental portfolio?
I got a call from a prospect who was upfront with me about her plans to file bankruptcy.
For landlords, this is just asking for punishment, isn't it.
I haven't met her yet, but she says she has enough to cover her r...
Here's the challenge: I have a few cash buyers in place ready to go on 2 short sale deals in my pipeline.
Yesterday , my attorney says that she thinks there is going to be an issue with double closing on these as the...