Good Morning ladies and gentlemen. I'm trying to weigh my options on something. Maybe you can help me. I bid on an online auction property and won for $6,180. In the listing it said no earnest money deposit was requir...
I have 50k to invest. Wanna buy multi families and apply brrrr strategy . The 50k will cover 30% down payment ( i am from canada) , closing cost, reno. Just wondering if that's enough. If yes, any place recommended ...
Hello! I've been all over this website for the past several months and I love the advice I find. I've even contributed where I can from time to time. :)
Hopefully I can get a little advice on this opportunity.
Sub...
I apologize for my long winded first post. I have been lurking on these boards for the last 6 months, what a great forum! I am looking to solicit advice from some of the veterans (especially flippers).
My background...
I'm really trying to buy a house now to live in and flip within time. I understand I will still need to give a down payment when approved for a mortgage but I found plenty of foreclosed homes for under $5,000, do I st...
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I got one rental property and it was a turn key and it's producing a good cash flow. Recently I found a property for a good deal and that needs some fixing with the flooring. It's in a very good area that rents fast. ...
I have access to credit cards totaling over $20,000, but it occurs to me that getting a loan would be lower interest for a down payment. Thoughts? TIA!
how does the bank make money off this?
1) Having a contractor with 203k experience is crucial. If its his first 203k, you are in trouble.2) When doing the 203k draw request, make sure it makes sense. Example: you have $50K to rehab the house. your draw req...