Hi all, I have a question about my father's current situation. He has a VA loan on a single family with a current 2.75% rate. He had my cousin living in the basement with no signed lease or anything all verbal (but no...
My fathers friend is willing to sell his condo to us the town over from me. He is asking $30,000 more than what it is worth currently, due to the fact that he bought it at the height of the market in 2007. These are o...
I'm located in the Detroit area and will be borrowing private money for upcoming deals. This will be my first time funding a project this way. From looking in for forums, the common advice seems to be to talk to an ...
Hello Everyone! I am just getting into contract in the next few days with a 47 unit multi-family property. The numbers are great, the occupancy is high and the property is well maintained! My questions is this....
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I'm about to go under contract to purchase a house that I found off a direct mail campaign. The current owner has a sub trustee deed in his name. His father originally sold the house on terms to someone about a decade...
3 months ago, I bought a condo and I've just rented it to a nice family, the father, 3 kids and grandma.
The father told me that he loved the property and I approached him about buying it. He doesn't have any money t...
Hey everyone, supper happy this website is available. So I just graduated and have a full time job paying me well. I currently live rent free with my father and have about 20k saved up. For my first property I can’t d...
Hello,Here is the scenario:Set-up an LLC with my dad and brother to begin buying/owning real estate. We are in the process of BRRRR'ing or first property.My dad and mom have owned a single-family rental home for over ...
We are buying our primary residence and it will have a 1 bedroom garage apartment in the back. We will start by renting this out to my father in law. Is this considered a rental property? Is there anything we need to ...
Hi, I'm thinking about how to start off with real estate and this seems like my bet. Which one should I do and why?1) The Game Plan for Quad-Plex New Build: Pull out a one time close FHA Construction Loan. This ...