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I've been out of the loop more than I thought but just talked to a developer and heard of this where banks that take stimulus money can't follow through on foreclosure and/or adjusting up ARMs? Anyone hear anything a...
Hi,I've been looking at some multifamily deals on market recently. I understand that cap rate is a good way to determine if its a good deal. My question is if the investor was looking to buy out the current tenants, d...
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just a general question about investing when you first start out..I see a good potential deal with an apartment at a complex..would renting out be a good idea and should I treat it like a multifamily? Say I rented it ...
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I have a lien on some vacant land in Woodbridge, NJ that I am considering foreclosing on. I am looking for a realtor that can look at the property and tell me what the value is of the land in that area. I will then...
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Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
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Hi there, I am very new to real estate investing and came across a business plan that list an investors profit requirement as a cost when determining maximum purchase price. Can someone explain 1.) how that cost is de...
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I may be purchasing a new primary residence with my remaining VA loan entitlement. I just received my COE and it shows the first property (now a rental) purchased with a VA loan is using $90,083 of my entitlement. I l...
We are building a spreadsheet that allows us to plug in a few numbers and obtain a quick result. I am trying to determine if it is better to simply use the purchase price multiplied by millage rate or if I should uti...
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Does anyone know what LTV you need to do a cash out refinance on an owner occupied home? Trying to determine the maximum I could take out even if I have to pay PMI.As an alternative, do helocs allow higher LTV?Thinki...
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Hi, I have a LTR that I purchased earlier last year that according to Zillow has appreciated 45%. I would love to reinvest some of the equity into another property through a cash-out refi. What indicators do you use t...