I'm about to close a deal with a PML for $150,000, 12%, and 2 points. I'm going to pay interest only for 6 months and then a balloon payment of the balance on the 7th month (after I'm able to refinance with a traditi...
Ok, so I guess I have the general concept of this strategy. Basically, it goes like this:
ARV-100k. (Gathered from comps)
Buy-50k
Rehab-25k
Rent-2k
Refinance-75k(pulls all my money out)
Repeat- use that money to do ...
Hi everybody -
I have a rental property purchase lined up but need to borrow cash for a short period to change my eventual interest rate on the conventional mortgage. I'll be using the equity in the soon-to-be-purch...
Hi all!I am Tackling my final R in the BRRR method for the first time. The house was bought via tax lien, so I dont currently own any title insurance on it. Do I have to go through a real estate attorney to purchase t...
Hello BP.I have a individual that is interested in funding one of my projects as a private money deal, but they have concerns about the paperwork and tax documents being a serious hassle. I have always done convention...
Quick legal question. I was negotiating an owner finance deal today, and seller stated that he was advised that he is unable to give a 0% interest on the finance terms unless it was to "a family member". Is there any ...
Hello, I am currently helping my brother trying to refinance his house. We want to find a way to do a cash out refinance or a home equity loan. I'd truly appreciate if someone helps me with this situation? I am locate...
Can an FHA loan be assumed if the intention of the purchase is to be an investment and not a primary residence?Thanks in advance.
I am working on my first small development (10 houses) and putting it together with private money. I have purchased the land and have some interested investors. I am now looking for insight on putting together agreeme...
I went to lunch today with an older gentleman I know. He owns the building I rent out for my State Farm Agency. I gave him my spill on real estate investing and he agreed to terms of 1 point, paid on the back end with...