I have an SFH and a duplex as rentals, both with mortgages in my name. I want to protect myself and my family from lawsuits and was told by a friend to start an LLC and transfer the properties into that LLC. Since I h...
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
One of my biggest fears is getting ripped off by contractors, them stealing my money, rehab cost exceeding budget . However, I realized to maximize my returns I need to consider distressed properties as an out of stat...
I'm looking to purchase rental properties, and I recently spoke with a family member who told me that traditional financing for non-owner occupied properties is very difficult in my area (NW Indiana). If you are able ...
When you have a normal sale (not REO or SS), is it still a good idea to go directly to the listing agent and have them act as a transaction broker? Or is it better to use a buyer's agent since the contract and negotia...
My first duplex deal
The previous owner purchased this duplex in 2005 for $25,000 then sold it and carried the note. The person he sold it to defaulted on the loan in 2007 and it took him 15 months and lots of legal ...
I intend to write an offer on a property tomorrow. It's an 8-fam in small midwest town (pop 40k, not warzone). It has been on and off the market for about 1/2 a year, it doesn't seem like there are a lot of buyers fo...
Hey Team,
I’ve been diving deep into real estate investing over the last couple of months, but feel pretty overwhelmed while looking in Seattle, WA. Anyone out there have much experience in single family, or multif...
There's nothing like the feeling of getting that "slam-dunk" deal under contract. The perfect property at the right price, that checks all the boxes. This past week I felt I had such a scenario. After competing with 2...
It's me again, with my urgent advice needed threads. For some reason these deals always creep up on me!I found a property in New Providence, NJ last night. I saw it this morning @ 10 AM, i put in an offer at 1 PM, 7 P...