What are your thoughts on Zillow pausing their house buying and flipping business over growing inventory? The stuck has tumbled over the last few months. I think they will clear the inventory and figure out how to mak...
Need some feedback on a deal we're under contract with in Jersey City. We actually went to contract just before the pandemic hit the area. Since then, we requested a 75 day extension on our due diligence, and the sel...
Hi all,I'm new here. I'm technically not a landlord yet, but I made an offer on a duplex and it was accepted today. I'm having it inspected this Wednesday. I plan to live there with my two sons and rent out half. I'm ...
With interest rates at or near 7%, who is purchasing property right now (or in recent times at these rates) and actually predicted to cash flow after expenses (mortgage, taxes, repairs, maintenance, insurance, etc.)? ...
After over a decade of doing this, I still don't understand how the debt terms directly affect the Cash on Cash return of a deal. For simplicity, define CAP Rate (:= NOI/Purchase Price) and COC (:= Cash Flow/Total Cas...
I am in the middle of purchasing a home as a fix and flip rehab loan. The ARV did not come in at value and the lender is asking for $50k more out of my pocket. I wasn't feeling comfortable with the deal and was deba...
I'm looking to invest in Texas, and have been looking at Austin, Dallas, Houston, and San Antonio. All 4 cities have their pros and cons, and I haven't yet decided which one I want to focus my efforts on. I'm not from...
In the lending industry, there is a commonly used term called a “shopper” to describe a person who is calling every lender in town to find the best deal on a loan. Experienced lenders can usually spot a ‘shopper’ a mi...
Hello all. Newbie here.
I have a question regarding approaching family members about private money. I am originally from California, but looking to do business in Philadelphia. Well I am going back to California ver...
I live in Michigan just north of the state line from Toledo, OH. I just flipped and am currently renting out a house in Toledo. And I'm looking for another house to flip. I found one here in Michigan on the MLS in a l...