Michael Cox
Understanding BRRRR analysis when using conventional loan
Hello,My name is Libby Cox (I'm the members wife). We are currently working towards purchasing our first investment property. We are hoping to use the BRRRR method. After evaluating our potential markets it has become...
Account Closed
Impact of deductions explained
New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep ...
Daniel Dunn
Subject 2 question
Good morning ,while looking around at properties this morning I saw one that may have the potential to be converted into a duplex, initially looking into it of course I would push for an FHA loan , but thinking about ...
Lisa B.
Structuring Partnership as GC & Investor
1st Rehab/Flip: We are a GC and about to sign to purchase house with a partner. We are both putting in equal initial cash investment for purchase and costs (property taxes, insurance, utilities) for a est.10 month h...
Ricardo Gonzalez
Understanding HUD bid and Net to HUD
Submitted a 300k bid on a HUD home and they countered. My original bid included 10k for closing, 10k to the sellers agent, 10k to the buyers agent. After subtracting that, "net to HUD" amount was 270k, and it needed t...
Mark Nguyen
Lending for Closing and Other Fees
Hi,
I am working with a couple doing cash out refi on their business and a rental property in Texas.
They are looking for a loan to cover the closing and other fees.
Please let me know if you are a lender.
Thanks,
Korey Harmon
Quick question about appraisal rules when comping
I'm trying to practice running comps on properties online and get used to appraisal rules. The thing I'm confused about is when it comes to subtracting/adding for carports, pools, and garages. For example, if neither ...
Jack Phillips
How do I include mortgage, liens, etc into offer price?
Hi all, Im a new wholesaler. I really need help because Im struggling to solve this problem on my own. Ill give you a hypothetical scenario: Lets say the ARV of a house is $350,000,$ needed for repairs is $35,000,and ...
Constantia Petrou
Security Deposit Question
Hello,This community has been so helpful and I have learned so much from your advice! This time I am facing a dilemma with regards to charging some damage I incurred when my tenants' moved out as a result of their lo...
Kumar Gaurav
Is the cash in cash out refinance still a borrowed money?
Hello,I am trying to wrap my head around cash out refinance.Say if I bought a home couple of years ago for 750k and it has now appreciated to 950k based on appraisal and I have an equity of say 50k in the form of prin...