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I'm working on closing my first rental property. It was a state owned home that I purchased for $2500 cash. It's going to require about $40k in rehab but will have an ARV of ~$95k and rent for $700/mo. I'm struggling ...
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I'm wanting to get into PML. I understand the after repair LTV should be no more than 65-70%. But I'm more confused on the LTV prior to rehab. Let's say a property cost $300K and needs $150K for rehab so total cost $4...
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With rising prime rates does that affect all lenders? Should new young investors be worried ?
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Do you want to set your target on absolute terms or relative terms?Most investors want to buy properties based on the 70% rule. Some seasoned investors think in absolute terms rather than relative terms. They would co...
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I'm looking to purchase a multi family home. Is it possible to purchase the home with a business loan? It won't be a primary residence so I wouldn't need a regular mortgage loan. I don't want to have to live in it for...
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Hey Bp! Is there a book or an article that talks in depth about how to set up contracts. Which contracts should I need when rehabbing a property ??Thanks you !
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Can you use a 203K loan to build a home gym in addition to fixing up the rest of the place? Can equipment be purchased with left over rehab money?
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Has anyone used a cash secured Lon as a down payment instead of putting the money down itself. I am wondering if that’s a better option.
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Hi,
I'm studying for my sales prelicensing exam and I'm confused about the difference between a carryback and a contract for deed? The definitions are almost identical in my eyes.
Any helpful ways to remember the d...
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Is there a program my in-laws can use to purchase their vacation home without proving their income.