As the title suggests, I am just starting to enter the REI world. My first deal looks like it will fall through because the bank doesn't like my work history. (4 months as a union electrician, which the bank considers...
What does multifamily underwriting look like now given what we know so far of the impact COVID-19?I know there are very few new transactions going under contract right now given the huge amount of uncertainty that sti...
Hello everybody. I am Andrew Low. I am new to real estate investing. My wife and I live in Greeley, Colorado. We are moving to San Antonio, Texas by the end of the year. I have read several books, watched several YouT...
Hi fellow investors! Got a question that I'd love input on.I purchased a condo in Florida in February of this year. It is in a small 8-unit community that consists of three buildings: 2 duplex-style buildings on th...
I recently came across some condos in my area ( Baltimore,MD) and the range from 90k to 130k in pretty good condition(minor repairs needed). My question is are condos a good investment the average mortgage is about $...
I have $40000 saved and want to get into the real estate investing game. However, my intuition is telling me that I should wait till I have $100000 saved then go for it which I can probably have by late fall of 2020. ...
Everyone has heard of the Federal Reserve "Stress Test" for large Wall Street banks, but many of the same principles apply to us as real estate investors. A stress test involves preparing for the rare "crisis," a once...
Hi everyone,
I approached a bank few months ago and they insist on 20% down payment for the purchase of a rehab that I was planing to buy & hold. At the time I only had 10%.
The house is back on the market at a ...
Hello;
For those apartment experts out there, I was wondering their thoughts on 2010 and onward to get started in apartment investing. I own a SFH and have done a few small deals but still have a lot to learn with...
How scary is it to have an adjustable rate? Could it shoot up to 15% interest like back in the past? I'm getting a 100% financed sba loan for an office building, and their rate is adjustable. There are hefty early pay...