Account Closed
To HELOC or Not to HELOC that is the question
Trying to decide the way to get started in this real estate world. I own a home with roughly $200K equity. Credit is ok. Would it be better to refinance and pull out some cash to get started flipping homes or would it...
Timothy Howdeshell
How to structure seller carry no money down deal?
How would I, or should I, structure a deal to involve no money down? I am the buyer in this situation.
Example:
ARV = 130k
Rehab needed = 15k
Purchase price = 80k
Current/As-is value = 96k
The seller has said ...
Eric Sanders
Flooring Noise Issue in Condo
Hi Everyone!
I've got a little bit of a flooring predicament and I'd love to get some advice from you guys! Please bear with me as your help will be greatly appreciated!
I currently rent out a condo within a poorly ...
Kimberly Martin
1st Deal-Help! In Need of Some Advice!
Hi!
I have a seller with a 3b/2.5b home (1586 sq.ft.). The home doesn't need any major repairs, so I am not sure what to put down for rehab. Is 5K too low? or should I just go by the sq. ft. and say 15k even ...
Sean Forner
Cash Out Refinance
I'm trying to utilize the equity I've built up in my rental to buy a few more properties. I'm currently not on the mortgage, but I'm on the title. If i refinance in my dad's name can I use the cash out to purchase/fin...
Kyle Mack
Borrowing more than purchase price
Hey guys!
Quick question. If i am going to buy a flip house for 150k and my estimated remodel cost is at 30-35k are there certain types of loans to where i can finance the extra 30-35k on top of the purchase price o...
Ed S.
Is there a way of using OPM to flip a house without using my own?
I know this may sound crazy but I found a great deal in a growing neighborhood. I was advised by an investor to ask a family member for a hard loan to be able to flip my first property and possibly split the profits (...
Travis Petty
Crazy Idea . . . Hard-money, Rehab, New Notes, No Money Down Ever
Hey BP peeps!New to this whole deal . . . have an idea/strategy, want to see if it holds water:Find a distressed/undervalued propertyCome in as a "cash" buyer, using Hard moneyGet the rehab work done with said hard mo...
Yi O.
Eviction advice needed
Unfortunately, I have rent one of my property to this person. They represented themselves as self-employed business person for house showing. And they signed lease, and moved in this April. However, things got worse...
Joe Worley
Window curtains
Who normally has the responsibility for window curtains expense? the renter or the property owner