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Investment Info:Large multi-family (5+ units) buy & hold investment in Sioux Falls.
Purchase price: $875,000 Cash invested: $218,000I sold my 6 units and put the proceeds from the sales with my savings to ...
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Hi All - I'm currently in the market for a quad where I intend to owner occupy. I would like to go for FHA financing but the properties I have seen so far are fully leased. Does anybody know if there is a grace period...
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The thought crossed my mind about letter campaigns that once you run a massive, targeted letter campaign.. you do some deals and maybe get paid some nice checks... But at that point, haven't you exhausted that entire ...
For over a year Baltimore City Landlords are not allowed to raise rents, every time the COVID State of Emergency is updated at the end of the month it prolongs the 90 day waiting period to raise rents. But during thi...
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Good afternoon!I am breaking into a hot and competitive market, and may have the opportunity to purchase two identical four-plexes on one lot. All units are 2bd/1ba, and currently rent for $775/mo. The units are 30 ye...
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Good morning everyone!As an SBA professional I wanted to make you all aware that the SBA has a long standing policy to allow for loan deferments to handle temporary cash flow disruptions, which the Covid19 event quali...
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I'm looking at a Fannie Mae property and my realtor told me this:
That house is a Fannie May product. You would have to occupy the property for a minimum of 1 year. Would only be able to sell for 125% of your...
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Hello All,
I've closed on quite a few mortgages and refinances over my tenure as a real estate investor. I've always stood my ground in ensuring every document that is exchanged/signed/provided during this process i...
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As of right now, the seller and myself have an agreement on price and hopefully he sends over the contract tomorrow.This is a HUD property being wholesaled to me. I wont be using an agent this time so i'm taking any r...
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I recently purchased a live-in rehab project with a targeted 12 month rehab and resale period. I bought the home because it is my kids last year in a private school in the city; meaning we need to relocate to another ...