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how does tansactional funding work? Do I need to have enough money personally to cover the loan if my buyer walks? I need someone to explain this process please? Thank you
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So once I have my first buy and hold rented out, my intent is to pull a line of credit, secured by the equity in the property and use this to acquire more properties. Which local banks are offering competitive rates a...
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Hello
This year my wife and I started our real estate journey. We have one house that is being renovated currently and closed this week on two townhomes. We used a private lender to purchase the first house. For the...
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I'm a Miami realtor looking to purchase out of state. First time home buyer wanting to use FHA 3.5% or conventional 3%. I'm finding a lot of properties in Ohio & Illinois for less than 100K. They need a lot of wor...
I have been looking for a private lender and have an acquaintance interested. However, rather than be a lender at 8-10% interest for short-term loan, he wants to be a 50/50 equity partner. Is this common? I am look...
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Finding a property Finding financing Finding contractors
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $90,000
Cash invested: $50,000
Sale price: $235,700
My first flip
What made you interested in investin...
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I am looking to do my first flip. My partner & I were about to go with a HML, Lima One. We know that HML's are expensive but did not think we had any other options.
I just thought about and googled, unsecured ...
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So I am looking to buy my first flip at auction. Is it possible to purchase a home at auction with cash and then immediately open a home equity line of credit on that home to fund the flip? I see a lot of people openi...
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Hello people,
My husband and I recently bought our first investment property. However, we need insights into the strategy used by the investors to buy their second and third investment property consecutively!
We wou...