First time vetting hard money lenders for a flip I have under contract but not closed yet. One potential lender has attractive terms (8%, 2 points, 100% financed, no prepay penalty), but on the phone he has very spott...
Hi All,Im currently in a process of funding a deal with a private lender. the deal is around 700K and he asks me to pay the points in advance and not during the closing date.Is it normal? the lender is providing me a ...
Hello, my name is Bismarck, I currently live in a distressed home in CA. I have $105,000 in equity. I was recently approached by a buyer willing to buy us out in cash. I also want to buy a new cheaper/smaller home for...
This man poses as a real estate investor who takes your money and then claims hardship and doesn't pay you back. He pretends to be Christian and to have the best of ethics. Don't believe a word he says and DON'T GIVE ...
What is the plan when tenants can’t work and cannot make rent payments? It has already started for me.
So I just did my first talk with a seller and I was so lost! What do I say when asked what company I work for? (I don’t have a company) Do I lie about how many years I’ve been doing this or do I just say I’m new? When...
One stated benefit of investing in real estate is price appreciation. However, if you look at inflation adjusted real estate prices for the most part there isn't much appreciation. There are specific points in time ...
I'd like to hear from anyone investing or invested in the Cleveland rental market. I'm looking into purchasing a duplex or two in the Cleveland area for long term rentals.
Hi Experts, I really need your help.Sorry for the long post....We bought a foreclosed house in a nice area in the northwest suburbs of Chicago through an auction. The original owners were living in the property but ...
I am closing on two properties with two different mortgage companies and both are demanding my bank account numbers!
I have 8 properties and never had to do this on previous mortgages. Is this a standard demand now?