Rafael Ortega
Buying Real Estate under LLC or your name
Hi Team,
I have two properties under contract ( single family homes). Should I buy them under my business name LLC or just under my name? these will be my very first rental properties. I will use hard money lend...
KATHY H.
Cash out refinance on rental property
Recently purchased my first rental property (basically turn key) two months ago with cash. The property is around $90k. Now I would like to refinance this property to get some cash out. Called around for a couple quot...
Elizabeth Landwehr
Marshall FIre Rebuild and Under Construction Financing options
We lost our home in the Marshall fire at the end of 2021. Luckily we had great insurance but we decided to bigger than before and we need to fill the gap. We are already framed up and roof is going on this week. Do...
Jay Ag
4% origination rate FHA
Closing on my first MFH with an FHA and just got the closing docs. Lenders origination rate is almost 4% is that too high ?
Garrett Karnath
How to reduce prepaids/closing costs?
Hi! My wife and I are officially under contract with a new primary residence, with the goal of moving and then turning our current home into a rental. What are some things I can do after going under contract to lower ...
Dave Mustaine
Selling house Appraisal
I'm selling my first house and just had the home inspection. The buyers attorneys letter states the appraisal shall not be ordered for at least 5 business days after the attorney review period. The bank ordered th...
Michael Young
MLS Find
Hi all,
I've come across a great house that needs a ton of work to be livable. It's listed on the MLS at $190K. The pictures make it look like it has mold, maybe some floor rot on the main floor above the basement. R...
Michelle Phimmasone
DSCR loan question and help
We are purchasing a beach condo STR purposes. Our broker had offered us these loan options:
20% down at 8.5% interest, $65000 down, $1999 monthly
25% down at 7.5% interest, $81500 down, $1704 monthly
We wanted to k...
Justin Brin
Where will you invest lower class area in Phoenix AZ or higher class area in Dallas?
Since prices in Dallas TX are lower than Phoenix AZ. Where will you prefer to invest lower class area in Phoenix AZ or higher class area in Dallas TX?Assuming you want to invest a max of $350-400k where will you choo...
Robert Burns
Cash vs. Financed Buyers
Is there an additional incentive, ie a reduced MPP for cash buyers vs. buyers using financing for deals? I am working on a wholesale deal right now and am considering offering a lower price for a property because I h...