Example: 400,000 purchase price 80% ltv 1st mtg.= $320,00015% ltv 2nd mtg.= $60,0005% down payment= $20,000Avoids Monthly PMI payment Very strong financing program for multiple reasons
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About two weeks ago we bought a house. Knowing it was full of trash and has been empty a while. We got a good deal on the house, but knew it would take alot of work. It is in a rental neighborhood. This is a 900 sq ft...
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Yesterday I found fresh human waste in the toilet at the REO I have under contract. Today I was there with the mold specialist and we found food remnants and some drug paraphernalia.
House is owned by a mega-bank and...
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Hello all, I am about to have some money saved up and I want to spend it smartly. I’ve been reading about real estate and the like for a few years now and I’m really interested in pursuing it for some long-term wealth...
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I hate to use the term "bubble", but it seems the RE prices in the Gatlinburg market have gone parabolic. It appears that the income yields still support the prices, but what is the saturation point? For example, t...
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Hey BP,
It has been a bit of a process and has taken me a year to the day my 1-year old twins were born but I am excited to share that I have closed, and fully rented out my first deal! I found a duplex before it hit...
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Buying Our First Home Was Like Playing With FireWe are young and naïve, but we are also risk takers. That’s why decided to buy a colonial built in the late 1930’s for $310,000 in Totowa, NJ with 10% down payment. It...
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Newbie here, about to go live with our first STR. is there a site with some email templates/examples? Initial communications, day of arrival, post stay message, etc?
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IntroHey everyone! I am super-excited to get started building my wealth in real estate! I believe I am off to a rocky start though, and I'm seeking some guidance... so here's the rub:I bought a condo, and then I began...
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When flipping houses that are projected to be complete during the winter, is it better to go ahead and list at that time or possibly rent it out initially with plans to list for sale at a later time when buyers are mo...