Account Closed
How much money should you initially have saved for emergencies?
I'm planning to take out an FHA loan soon. I'm saving up for the down payment at the moment. But in addition to the down payment how much should I save up for other expenses such as emergencies that may come up?
Jake Langley
I need to initiate a forclosure in Austin, any advice
I carry a note that is now 3 months delinquent and I have to start forclosure. The borrower/ owner is MIA this is not the first time this has happened but he usually contacts me and gets his payment up to date. This t...
Kevin Vasquez
What stands out to you on this initial cost worksheet?
Background context:I have a 805 credit score, low DTI and attempting to secure the lowest cash out refi to pay off a debt ($50k). My broker is saying the broker fee is a standard $3000 amount bc the amount requested i...
Kyle Kline
Private Money or Fix-and-Flip to Build Initial Capital?
Hello,I am just starting out in real estate investing and am seeking advice on how to fund my first deal. I do not have much of my own capital to use to purchase a property and was recently given the advice to either ...
Ted Tronnes
Refi within BRRRR strategy using all cash for initial purchase
I have some cash to buy, but want to recycle much of it and continue to buy more. BRRRR appropriate strategy, howev I'm unclear about any limitations to the refi part of BRRRR. Specifically, does refinancing after a c...
Kevin S.
Are initial rehab expenses considered part of longterm cash flow?
Not for flippers but for buy and hold specifically, say you're evaluating a property you've owned for 7 years. Your cash flow for Year 1 is wildly different than your cash flow for Years 2-7, and that difference is a ...
Jeremy Roll
Cash Flow Depend on the Initial Price of a Property?
I was thinking about the ability for a property to cash flow whether the property is expensive or inexpensive. I'm just wondering what your thoughts are on cheap properties vs. higher priced ones. Does monthly cash fl...
Ian Gilligan
Initial bad cash flow - to buy or not to buy?
Hi all,
I have a verbal accepted offer on a house for $48k, with a long term tenant since 2008 paying $625 in rent (subsidized by County). The cash flow is bad at $75 on a 30 yr. But, it's a big 3/2 in a decent area...
Matthew Insley
Negotiating with a seller that has an extreme initial price
Hello fellow investors!I could use some advice from somebody with experience negotiating directly with sellers. I am a real estate investor that focuses on smaller multifamily properties. Currently, I have 23 units c...
Sean Gibson
Question about initially making an offer on a L/O
How to do structure a deal to where you don't take over the residence until finding a tenant buyer? I just bought and read a great book by Wendy Patton but if definitely left A LOT of gaps. I have serious interes...