Learnt some interesting stuff today. For using an on 3&4 unit MF, you cannot use a gift as cash reserves. I believe you need at least 3 months of cash reserves (at least according to 1 lender). BUT! You can use th...
Ok so I have been taking steps to move forward into REI. I was told yesterday by a lender that we would have issues being approved for a loan mainly for this reason. I own a business, we make great money through this ...
Hey everyone. I need some validation. I mean, I want to know if the idea I had in the middle of the night is worth pursuing and if so, I would love some advice on how to proceed. Im brand new to REI, never purchased a...
Has anyone partnered with a seller on a fix and flip or brrrr deal? My thoughts are that the seller, if motivated could carry the note much more easily than anyone else. You could start renovation immediately after a ...
I have a property wholesaled where the owner had sold on land contract and filed a memorandum of land contract which the buyer defaulted on. Do you see any possible issues with title since the defaulted land contract...
Hello, My name is Ryan and I live in the Milwaukee, WI area. Been lurking around here and listening to podcasts quite a bit without ever really jumping on anything. With a recent death in my girlfriend's family, I wan...
I apologize if this is a "silly question," but I can't seem to wrap my brain around it. Can a seller realistically offer Seller Financing on a property that they themself have a mortgage on?
Hi All -I am new to the real estate industry (BP) and I am here to learn and network. I am open to advice as I grow from strength to strength. I am located in the Bronx but I am interested in investing in North NJ. I ...
Currently looking at closing on a new home in november/december and do not anticipate selling ours for a month or two after we move. Playing with some DTI calculators I’ll be hovering around 50%. My plan was to recast...
So, I am completely new. I don't really know terms or have any type of real understanding when it comes to real estate investing. So, I am going to throw out my thinking on something to get started and wondered if s...