Account Closed
Bridging the gap
I'm considering using a HML for my first flip, but funds are tight. What strategies have people used to "bridge the gap" that the HML won't cover? For example, a generous HML will lend 80% of the purchase price. Bu...
Tucker Long
Cash out refinance vs refinance: different LTV allowed?
I was told the following, could someone confirm or deny this is accurate?If I pay cash for a home, rehab, rent, and go to refinance Fannie/Freddy guidelines will require me to keep 20% equity/my own cash in the deal r...
Rob Lalumendre
12 Unit Owner Financing for Down Payment - Need Help
I'm looking at a 12 unit apartment complex and need to create a deal with owner financing for the down payment, can anyone with experience with this give me some advice and what to be sure not to miss when structuring...
Big Fischer
Is this possible? Using wife's loan to pay for DP? Or hard money in Rochester NY
Brand new to this. Don't laugh if it's ridiculous! Wondering if possible for my wife to get a business loan (she has stellar credit) and then use that money for a downpayment on a multi family. Is there some sort of l...
Tricia Miller
Refinance part of BRRR strategy
Just got off the phone with a lender who said they would not give 75% of appraised value on a rehab, but would only give 75% of purchase price + rehab so that I would still have skin in the game. This would ruin the B...
Deviare Harris
Where to find investors
Hello everyone I'm a fairly new real-estate Investor looking to do my first deal. I'm a truama RN by trade and hoping to obtain financial freedom. I'm living and hoping to start investing in the Seattle-tacoma area. I...
Joe S.
Paying all cash question. How do you get your cash back ASP?
So I made an offer on a property and I had preapproval letter from a HM lender, but the seller is not wanting to do a transaction where there is a lender involved in anyway. I have the funds to take the property down ...
Peggy Louis
Focused, Hungry and Motivated!
New investor with skin in the game. I am looking to make new connections and network. I have a lot to learn but I'm doing this to break generational curses and leave a piece of the pie for my children and retire early...
Eric Smith
SELLING TO TENANTS
Hi everybody! I have some tenants that want to buy the house they are renting. I bought the house with a line of credit and recently financed the house for the full amount of $37000 after making repairs at 5.5% making...
Thomas McPherson
Common Mistakes in a BRRRR
Hi all, I want to start the conversation about common mistakes when doing a BRRRR. Here is my short list:
Overestimating the After-Repair Value (ARV):Investors sometimes overestimate the future value of a property a...