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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $70,000
Cash invested: $70,000
Sale price: $70,000
Single family 3/2/2 in Cape Coral, FL
What made you...
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I have a probate house that once fixed would sell at $140-145K. There is a mortgage of $88,000. Fix costs would be $15K. Interest/ misc costs to borrow money to fix will be $2,500. Estimated time to fix is 4 week...
(I'm sure it's out there but I just couldn't find it!)My coworker and I are teaming up on a side project to flip a house. We assumed that forming an LLC would be the first step, but thought it wise to confirm with you...
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I have been reading alot about mortgage fraud and I have to wonder why a bank would just believe whatever you put on your application? How is it that these criminal real estate rings can actually be able to go through...
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What are the pro/cons to buying a foreclosure with a conventional loan? Assuming I am an owner occupant to be living in the property less than a year.
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Hello!
I recently bought half a house last year. 4 bed, 2 bath, with finished basement and garage. I utilized the VA loan. I am aware I can purchase another utilizing conventional/FHA.
When growing a portfolio, how...
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Formed a LLC with a partner to buy and rehab a property primarily for the liability protection its supposed to offer. Have found it impossible to borrow money (history less than 2 years), difficult to insure, can't ho...
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Hi BP, I am fresh, and just bought a property 1st deal through auction (11700 Belmont ave, 64134). I just received the title and key. I would like to know what is my next step. I am so embarrassed. can somebody tell m...
I'm planning on buying my first rental property next summer & I was planning on borrowing money. Besides the bank, I know that hard money lenders get paid back with high interest rates. What types of other terms w...
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I'm a new investor and hoping the pros on this platform would share with the newer folks the best way to pick a lender for flip properties & what's the fair rate, points & terms to picking a lender to go wit...