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I have a property I’m looking into. It’s a two story, the top level is a 2 bedroom apartment and below is a large 2 bay garage, office and bathroom. They have separate meters as well. My idea is to rent the upstairs a...
The brrr strategy sounds great, but according to Fannie Mai don't you need to have the property seasoned for at least six months before you can pay yourself or a hard money lender back through a refinance?
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The link below is to the Veteran's Benefits Administration Circular 26-19-23. To me it is a lot of legalese. But figured someone in this forum could translate it for my current situation. I currently have a VA loan f...
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I've partnered with my mentor to purchase my first NPN. The purchase is now complete. It is a first position note. I'm very satisfied that the purchase price of the note is around 40% of the current fair market va...
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I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything: - I have the rental application- I have my rental property agreement that I...
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I was reading Justin Pierce article on all the cost to flip that house and I wanted to know a few things. When doing the numbers for a flip, is there always a lenders lawyer fee and a brokers fee? And could someone ex...
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I know most on the forum add their license as something complimentary to their investing, however I've decided to reverse that model and pursue being a full time agent as the basis for my future investing. Initially ...
Hello,My wife and I finished building our first rental this year and it is in service:) I am talking with a new cpa about the upcoming tax season and when I brought up the idea of claiming my wife as a real estate pr...
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I have an off market deal under contract. It’s a purchase from a wholesaler who is assigning me her contract. I’m using hard money for the purchase. The lender expects me to use a title company. This wholesaler wants ...