Stephen Sokolow
Deal Advice on Out of State Pre Foreclosure Deal
I am working on a pre-foreclosure deal and need advice. The deal looks like this:Loan outstanding: $244,000 QuickenLoan and it is a FNMAOther debt: Base on my preliminary title search $0Equity: $85,000The owner wants ...
Jay J.
RE License & Managing Properties in Ohio
I have a question. I've read multiple times that in order for me to 'manage a property' (meaning, I'd own a rental unit, SF or MF) in Ohio I need to have a real estate license. Assuming that's true, when or at what po...
Michael Healy
Could 10yr "Fixed ARM" be better than 30yr fixed?
Hi everyone, I've been flipping for a couple years now and I'm working on making this recently rehabbed home into a rental. (BRRRR method of course) The bank is offering a 30 year fixed at the price I purchased the ho...
Tzook Bar Noy
Rental Property in Atalanta Decatur 30035
I just go a lead on a rental house in 30035, it will need some fixup, buying price is 55, and I think I should invest 20K more.Rent is approx 750 I think, it's a 3 rooms and 1 bathroom apt, 1050 sqf.What do you think ...
Cody Warhurst
How to estimate the amount of debt a property can support based on desired cashflow?
Hello BP,
I think I have a simple calculation question that I'm a little stumped on. I read another (quite old) post on BP where a user stated they back-calculate the debt a property can support based on their desire...
Bobby Clair
Dependence of Commercial Loan on existing Residential Mortgages
I was considering taking a commercial mortgage 6 months down the line. Right now I am eligible to take up a residential mortgage, where in I will be putting a 25% down payment. This can either be a primary residence o...
Vin Soando
1031 Exchange - Financing Restrictions on Higher Value Property
About to do our first 1031 exchange and trying to understand if there are any restrictions on financing when purchasing a replacement property above the relinquished property price.Here is our scenario - Selling prope...
Colin Merrill
Trying to make the best decision on a home run deal
Looking for some opinions about what you would do if you were in my shoes. Here's a little bit of info about me:25 years old with 21 doors, a live in flip, and 2 other flips going with a partner with no debt. Base i...
Mya Austin
Crowdfunding or other Private Lending Groups
I know this has been written on. However, I did not know if I asked a question on one of the older posts, if anyone would see it. I was wondering if anyone has went this way with their real estate investment busines...
Stephen Oakes
Foreclosure Opportunity - Is it staring me in the face?
I have an inkling that my neighbor across the street is going through the foreclosure process. However it hasn't been listed in the consumer world and I haven't caught them in person to ask.
1.) For future reference...