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I have grown into 8 properties with 10 tenants with no LLC/umbrella insurance. All properties carry a regular home insurance/property insurance though. Any thoughts please.
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Do you tell your lender that you plan on having the seller carry back on deal?
For example, I want to get into a property with a conventional investor loan. I need 25% down, and the loan covers 75%. If I have...
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Hello BP, first post here. I am new to house flipping and have been doing tons and tons of research and I have a house I am trying to close In on. The house I am looking at is a hoarder house of a deceased lady being ...
Hi BP!I have recently gotten my real estate license in DC and I am about to sign an independent contractor agreement with a commercial broker. One of the covenants on the agreement states that, for car insurance, I mu...
I applied in May and appraisal was completed in less than a week. Yet, I received terms 2 weeks ago, and CTC this week.
Rate: 8.125%
Processing Fee: $995
Closing Fee: $1,360
Origination Fee: 2.650%
Admin Process...
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Ground work:Purchases: 2015 SFH1 purchased 3/2 118k rents for 11002016 SFH2 purchased 3/2 122 rents for 11002017 (10/28/2017) closed on first multifamily (4plex) for 268k 12k in repairs expected rent per unit is 800 b...
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Hi allI have a portfolio of 11 buildings, consisting of 48 units, all with a 2 mile radius in Central Maine. I sold a home once using seller financing and had a horrible experience (I just got the house back in forecl...
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If I don't have a lender requiring it, most stuff like theft and vandalism would never even match the deductible.I just went through the largest hurricane I've experienced in 30 years and had no damage to my flip or p...
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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 ...
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Hello - First time poster here. Eventually I'd like to get into real estate investing, but for now this is about financing my primary residence. I've done quite a bit of research on this deal, but there are gaps in ...