George P.
Rental #10 was purchased
Yesterday.
here are the details:
2 months ago the asking was 89.9k. I offered 75. they came back at 89. I laughed. they came down to 83. I came up to 76.5. They came down to 78. we were $1,500 apa...
David Kerner
Credit Union Portfolio loan needs refinance every 5 years???
We have 9 single family rental properties which are financed through Fannie Mae. You can only have a Max 10 Fannie Mae loans...so we are looking into our banking options so that we can grow our portfolio further.
We...
Sam McPeek
First time property analysis in Richland, WA
I’m looking for some help in evaluating a deal that I looked at this last weekend in my home town of Richland, WA. After running the numbers, I don’t think this would be a good deal at the current price, but I want to...
Danny Lee
Fired contractor and need advice
Hello, we had hired a contractor back in September to gut and renovate our 3 bathrooms and kitchen, as well as apply 600 sq ft of flooring. The contract stated timeline is an estimated 8-10 weeks. As of January, we ba...
Roc Pilon
Appraisal Inaccurately reported? Has it ever happened to you?
I just purchased a single family home in the downtown area of where I live. I purchased it because when I drove by and spoke with the realtor the cost for what was being sold seemed so crazily low I had my offer in th...
John Barnes
Loan with low Income but lots of Assets
Hi Everyone,I'm trying to assist someone in obtaining a loan. The person in question:Owns primary residence (300K)Has +-300K in equitiesIncome of $35,000They took out a HELOC and used those funds to buy a 4plex for $1...
Jonathan Yeh
Dilemmas about purchasing a rental unit this year in Airdrie/Calgary..What to do!?
Hey guys, I'm an investor living in Airdrie right now, and I have been holding off to purchase a rental unit for the past year or so due to inflation and the forever-rising interest rate.However, I plan to buy one thi...
Matt Whiteside
Is this fraud?
So I sign a guy up last Thursday. He calls me and says he wants to short sale his house. He had it listed with an agent but the listing expired so I have my agent go with me to sign a new listing agreement, and for m...
Ed Goble
Mortgage in my name but Property Title in LLC name?
Long story short. I got a Wyo LLC in order to have anonymity.I want to buy the houses in the name of the LLC and not my name. I have been told that is ok, even though the properties will be in another state and not ...
Dillon Dinglasan
Condo as a first investment property?! Thoughts?
Hello Everybody!As being a beginner investor I wanted to reach out to the bigger pockets community and hear some feedback on my first investment property! So Ive been recently looking at some condos in the north west ...