Investment Info:Single-family residence fix & flip investment in Lithonia.
Purchase price: $75,000 Cash invested: $25,000 Sale price: $144,900Long time viewer, first-time poster… I have been a part of t...
I'm going to loan a distressed homeowner 10k to cure his default. His current LTV is around 55% (1st and 2nd mtgs). I want to see if I'm on the right track....
1) I'm going to buy his home on a mirror wrap subject to ...
Can anybody help me understand how to structure and use an interest only loan to acquire a potential free and clear seller finance deal. The seller is willing to take 5% over 10 years. I’m trying to negotiate him to ...
Hi,
I am getting back into real estate after a few years away. Looking at a property in a well established neighborhood. It's a short sale, I can pick it up for $73k, needs $20k of rehab, ARV is $125,000. I am comi...
I've heard of people getting credit lines of 20-40 million with no problems. They have relationships with the banks etc, but what do you need as far as networth or income to actually get this amount of money from the...
I am working with a wholesale company who was able to enter into a purchase agreement for a property in Sierra Madre, CA for $875K without actually giving an earnest money check (seller is asking for 3% in earnest mon...
What are your thoughts on CRMs for REI? Is it worth the time/cost? If you have experience with CRM, what is the best one?All input welcome!
Does anyone have experience with Frank Gallinelli's deal analyzing platform www.realdata.com? How does it compare to Micheal Blanks, David Toupins, and other models?
Thank you for the help!
I had an interesting opportunity come my way yesterday, and I'm not sure how to navigate it, so I wanted to pose it to the BP community as I'm sure there are some pros who have experienced this.
I was out to lunch wi...
I have a rental property which nets only $200/month when factoring loan and property taxes. How would I calculate my debt to income ratio?
Option A
DTI = (Mortgage + Car Loan) / (Wages from Job + $200 from Rental)
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