Travis Washington
10k fee?? Would you do it?..
Deal details:
Short sale home
Agreed sale price: $17K
3rd party listing agent fee (company called LMS Management): $10k
Closing cost: $3k
Total: $30k
Loan details:
$30k
15-year 3/1 ARM @5.7%
20% down ($6k)
Monthly...
Stephen B.
Refinance 6-unit property
I am currently under contract for 3-duplexes on one plot of land. My financing fell through and I am in a scramble to find financing before closing. The purchase price is $124k and I can put up to 40% down and local b...
Chad Jackson
Heloc or cash out refinance???
I'm looking to purchase my second property in the next (2-6)months. I have about (100K) in equity in my current home, and I was looking to use this for my down payment. I was going to use a HELOC, because I did not wa...
Ann Watkins
Looking to do my first DSCR...ABL LLC ?
Hi All,I'm looking to do my first DSCR. I've reached out to ABL LLC and have their numbers. I saw a bad experience post here and one comment. Anyone else have any experience with them you'd like to share? I own the p...
Bobby Paquette
Strategy in this Market
What’s some strategies you’re taking in this current market?
Austin Works
Low income housing strategy
I live and invest in Monroe, Louisiana, which has a very high percentage of the population being considered to be low income. I currently own a handful of SFR in low value areas, but not areas you would consider to be...
Justen Ashcraft
Purchasing OO property while underwater on current home
Asking this question for friend, as we haven't been able to get a positive answer.She owns a property that she bought in 2007 at the peek. worth about 145k and owes about 147k. She wants to keep it as a rental prope...
Katy Fry
Credit Score Issues
HiI am currently looking at purchasing a 50-60k rental property. My first. I am looking for a loan for that property but it is a little bit of a "non-conforming" property and I also don't have the 20% down for a con...
Jason Hawrylo
Roth Vs. Traditional IRA for a RE Investor (Passive Income)
While currently having a post tax Roth IRA and Pre Tax 403(b), I've always been more keen on the Roth and contribute more to my Roth (a lot more). But, the more I'm learning about taxes and brackets in retirement the...
Susan Tan
How are house hackers continuously house hacking from 1 house to another?
I had househacked in the past for a 3plex building that I own in Texas but have moved out of. I still have a FHA 30-year long low interest mortgage on this 3plex and all 3 units are rented out to long term tenants. Ho...