How do I take the equity out of a rental property for a down payment on another one ? Or can you only take it out of your main residence ?
I just got under contract on a property with 3 single family detached homes (all 2 bed / 1 bath / 900 sqft) on 1 parcel ID. 2 of the units are rehabbed and 1 of the units needs $30,000 in work (main issue being a new...
I'm new to REI, but have done many other endeavors. I bought 2 houses and rehabbed them for cash. My plan, of course, was to refi and take out what cash I could and continue to leverage it. I started talking to lende...
I bought a 3 family house and come to find out, after closing it is actually a 2 family as per zoning. What should I do?
Hi All, I just purchased 965 Vrain St. in Denver Colorado: https://www.zillow.com/homedetails/965-Vrain-St-Denver-CO-80204/13337826_zpid/?mmlb=g,0It has a basement unit which pretty much mirrors the floor plan upstair...
I don't need advice on general numbers - I need input on structuring seller financed / creative financed deals. Below is a scenario. Please provide input and help me figure out how to structure a deal.My Current Sit...
So my question is, after that I’ve added value to the property am I allowed to raise rents from the tenants?Because I don’t exactly know how to qualify for a cash-out refi on a retail property.
Hi all - Pretty new to all of this - currently on my second property in Chicago. Purchased a 4 unit building for a gut rehab - I have short term construction financing in place that will need a take out loan upon comp...
I have a property I'm looking to close on soon in the Denver area that is listed in a SFH zoning area. The interesting part is that this property:
1. Property type is SFR Grade C
2. Has 2 valid addresses according t...
Hi all, I'm evaluating a triplex in the city of L.A. One of the units, a standalone house, has an unpermitted room, which was perhaps partly a garage conversion. In that room, they have a hot water heater in one corne...