Mike Williams
New member from Orange County,CA
Hello all, my name is Michael Williams, I am currently a Realtor working in the OC. I wanted to try this site to make some new friends and of course learn something too. I am most interested in selling Reo's and work...
Ethan West
New Guy needing help on how tho get cash out of my property
I bought a piece of land July 2020 for $367K and with the $200K of improvements I've made is now listed on MLS for $1m. I own a seasonal business here and due to lack of employees I don't have enough cash to cashflow ...
Scott Nipp
Establishing corporate credit?
OK. We now have our LLC setup and we want to start establishing and building corporate credit for obvious reasons. Anyone have any advice on establishing corporate credit? Anything to steer clear of? Any recommend...
Anthu Tam
Alternatives to real estate investment ?
Hello What kind od alternative investment exists apart from real estate and stocks that you have been doing and has good returns?
Jordan Lamarr Gay
Closing on first duplex. How soon should I apply to buy another?
Hello all! I am so excited that I am closing on my first multifamily on 2/10/21!! However, I am not sure how long I should wait (or if I should wait) to apply to purchase another property. Should I wait until this ...
Alphonso Fletcher
Hard money flip out of pocket cost
Q#1. When being financed by hard money how much is required down? Q#2. Are there any other out of pocket cost upfront or is it all paid on the back end?Q#3. Will a poor credit score prevent me from getting hard money?...
Martin Cozzi
Loan options for secondary house.
Hi,I am under contract for a secondary residence and have been given the current options:4.625% .5% discount point. Lender fees are $995 commitment fee (underwriting), $895 processing, $500 appraisal.4.75% no points. ...
Steve S.
How much would a bank loan me for these two mortgages?
One owes about $75,000 on a house that would appraise for $150,000.One owes $98,000 on a house that appraises for $132,000.If I did a portfolio loan or a blanket loan, any perspective on how much money I may be able t...
Eli Kallison
Selling home to current tenants with no agents
Hey BP,
I'm considering selling my rental property to the tenants that I know and trust who currently live there. I mentioned I would offer them the discount of 5% based on agent fees.
Not having the slightest idea...
Stephen Schaefer
How would a Lender see this 3 house Owner Occupied?
I'm looking at a single purchase 3-separate home property, currently used as nightly rentals in a touristy town. One house has 2 units, another has 3, and I'm not sure about the third, but I'm assuming the owner lives...