Jonah Simmons
Question about the brrrr method from a Canadian
They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...
Rizwan Alam
What kind of financing offers are available for 1M+ Multi Family Apartment buildings?
When I was 18 (Now 22) I found the site Loopnet, and living in California I was shocked at the kind of deals that are available around the country. I never before imagined that something like this would even be pos...
Elvis Vasquez
Miami Foreclosure process (from courthouse auction)
Has anyone here completed one of the courthouse foreclosure auctions before?If so how was your experience in dealing with the remaining mortgages and the over-all process to clear the title?Also how did you deal with ...
Andrew Edwards
Information on Chattel Appraisals
I have several multi-family properties and I'm always looking for ways to increase my cash flow. Can we start a discussion on Chattel Appraisals?
Who has used this and would you recommend using this strategy?
Can yo...
Nelson M.
Out-of-state deals
Hello everyone,I think I may have found a niche that could work for my situation but I'm looking for some advice first. Living in New Jersey, I realize I can't invest locally yet because I lack the cash and because th...
Norman T Eng
How to get financing for a 6 unit complex
Hello All, I'm looking into buying a 6 unit property. The numbers look good, but I was told I would need at least 25% down on the property. Is it possible to get a bank/lender to finance 80-100% of the investment pr...
Nicolas Middleton
Is it possible to buy a 5-plex with FHA loan if converting to 4?
So as I understand it, duplexes, triplexes, and 4-plexes all still can qualify for an FHA loan. I've seen several properties that are 5-plexes, such as this one:http://www.trulia.com/property/3230409342-1533-Car...So...
Brian Wolf
Newbie: Could impending recession doom a first deal?
Hello All,Im a newbie and trying to plan, learn and research so that I'm ready when the capital and opportunity arise for my first deal. Part of me wants to dive in and start finding ways (loans/partnerships) to stret...
Eddie Gonnella
Padding the sales price to get seller to pay for repairs?
Hey everyone, I found this concept and want to know if it is a legit option: Has anyone done this before? Is this legal/possible? Will the bank allow this/do they even have to know?Not concerned as much with whether t...
Michael R.
Natural Gas Space Heaters
I am looking at a rehab in the hood and it does not have a furnace or any duct work. It has natural gas connections in most of the rooms. The seller said that space heaters get mounted on the wall and connected to the...