Aaron Mazzrillo
Note Terms & Clauses
On another post which we kind of derailed, we got into discussing creative financing techniques and clauses some of us use in notes secured by real estate. You can read more about it here:
Original "Motivatio...
Jay Coolidge
Flipping, Budgets and Electrical
I bought my first flip home. The home was built in 1920's. I am currently in the initial stages of cleaning the property and getting quotes on the work that is needed. Plan on putting in new HVAC, flooring, windows...
Bryan Hancock
Fannie, Freddie Model Declared Dead - FINALLY!
So it appears that the GSE model is officially being declared dead by the Obama administration and is nearing major reform from what I am reading from a number of sources. Any thoughts on what this means for us going...
Keith Fowler
Quit my Job, Cash out my 401K, buy more RE investments.
I'm just days away from closing on a duplex . The rental portion of the duplex will cover my mortgage and upkeep.When I quit my current job I want focus on my small business and also supplement my income by cashing ou...
Chris Seveney
Note Investing - What's Your Biggest Fear
Typically I hear from other investors about their biggest fears in Note Investing. Do you have one? The most frequent I hear are:1. You are investing out of state2. You cannot see the inside of the property3. A borrow...
Elizabeth Schartman
Tenant evicted, $2k damages + had criminal background...now what?
Curious for thoughts on what went wrong...thank you for your insights! My tenant stopped paying rent and had to be evicted. While I'm thrilled this person is out, I'm out 3 months rent, plus legal fees and now about...
Janet Powers
Lease Options in Today's Market
Hello all!
I am a newer investor and have purchased 2 REO homes in the last month. Both homes are desirable homes 4/2.5 that I got for very good prices.
I have listed the first home for rent, and almost everyone that...
Edward Salazar
I Just Found a NICE 8 PLEX, But No Comparables, WHAT TO DO???
I just found this very nice 8 flex that cash flows very well, the unit is vacant right now; but rentals seem to be strong on the area. I am trying to reduce my risk and speed closing, so I am placing 30-50% Down. The ...
Kyle Wenger
Structuring an offer
Hello!So I have found a for sale by owner deal that I would like to make a cash offer on. How do I structure the offer so it gives me time for contractors to come in and give me a quote on the rehab costs? How do you ...
Waylon Smith
How accurate is the 2% Rule?
Hello everyone! I am reading "The Ultimate Beginners Guide" right now. Question for everyone. It gives a quick definition of the 2% rule (the rent should equal approx. 2% of the purchase price). I know this is not int...