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I have a potential property I want to fix and flip using a hard money loan at the following terms: 4 points, 15% interest rate, LTV 70%. Purchase Price $415,000 (Acquisition + Skin in the game )ARV $550,000Rehab $50,0...
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Hey everybody, I have found a great deal in my hometown of Columbia SC. It's a duplex that's listed for 50k. The sellers are motivated to sell. The property already has two tenants which yeilds $1170 per month. So the...
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Hello,My dad has about 50k saved up and wants to invest somewhere but is nervous about the stock market. He said he may be interested I’m becoming a silent RE partner/investor. What would be the best way for him to le...
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Hi! I could type out 10 pages of my story but ill get to the point. I want to buy a multi family house. I know that for sure. With the advice and encouragement from a lifeling friend and now invester herself, i began ...
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I am a little confused about LTV ratios. From what I know a LTV is simply the mortgage amount divided by the appraised value.
If I am looking to mortgage a property that appraises at 100k and ...
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Does anyone have any experience allowing tenants to have snakes or geckos as pets?
I have a tenant applying to live at one of my properties with a snake and a gecko. I allow pets, but typically my tenants have cats ...
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Contract question for offer contract in Arkansas. So I do not particularly specialize in properties in Arkansas even though I used to have some properties there. I have one property left that I have on the market. So ...
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About 3 to 4 days ago I lost my 1st real estate deal. The property had offers from both investors and families who were going to reside in the property. The bank choose the families over investors. I put in an appl...
Hi Everyone! So, I've read and written a lot about real estate investing and have thoroughly enjoyed learning every bit. I also interned with a realtor while in college and shadowed rental property investors. I've use...
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Hey all,Just got a foreclosure property offer accepted. My numbers check out for a BRRR but I do have some questions on my downpayment for the Hard Money Loan (HML). I have a partner whose self directed IRA we want to...