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In my limited experience, it seems that many banks value cash offers on REO properties. In other words, a bank will accept a cash offer that is at a lesser amount than a financed offer. I am curious in your experien...
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I am looking to start my real estate investment career by moving into a new home and renting my current home. However, I have run into an interesting situation with a new construction builder builder at the final stag...
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I closed on a multi-family 203k project in Chicago that I am house hacking. Since I will be occupying, I understand I can only write off a portion of the expenses (presumably 75% since there are 4 floors and I will li...
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The following are obsessions I see from owners about running their STRs. They gross tens of thousands in revenue, but go into a rage (Baba Yaga?) when a few dollars is at risk. The law of averages says that there will...
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I am a builder and I have some land and want to build a tiny home park. I could Zone the land as a manufactured home park. But can I build my own tiny homes? Will the bank loan on them if i own the land and building ...
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I have had good success in wasington state buying tax forclosures, so I decided to try it in michigan, I now own 2 houses in saginaw michigan, I have contacted a guy who owns lots of rentals in saginaw he advised me n...
Hi All,I'm reaching out for tips as this is my first time considering cash-out refi. Exactly 1 year ago today, I purchased a duplex for $~348k in a fairly high rent area with a top-quality tenant pool. Put down 15% o...
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I am trying to get my feet wet on the note business. Here is something that i offered and the seller accepted my offer. (Have one last chance to backout if need be).UPB: $8226.36Monthly payment: $596.50Remaining numbe...
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Due to COVID we had a solid tenant just move out. We have been doing showings and the best applicants have solid income we verified by paystubs that is 4X the rent. The issue is they have low credit scores below 600 b...
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Until this month, I've had an umbrella insurance policy for years and years.
After responding to the 137th "should I have an LLC?" thread, I was reminded I am swimming a little less protected today.
A $1M policy ...