Mark Welp
2nd Liens, BPO, and Equity
Hello,I am in the due diligence phase of buying a performing 2nd lien note. The homeowner has been in the property for 15+ years and is current on the 1st and 2nd mortgage, which is good. I did a BPO (as this is my ...
Jimmy O'Connor
RE Headaches #1: Lenders let "As-Is" Appraisals affect the loan??
I was recently working with my investor to lock down a property in West Philly and his lender changed the rates since the "As-Is" appraisal came in 15k lower than purchase price of the property (the appraiser ignored ...
Omari Heflin
Pros and Cons of Leveraging Cash To Buy Real Estate in Indy
What Does It Mean To Leverage Your Cash?
Leveraging is a common term in the real estate investing world which basically means borrowing money to buy a property. Investors will often use a leveraging strategy to borro...
Brandon S.
Best Mortgage lender Western burbs of Chicago
I am working on getting my financing lined up to buy a duplex, triplex, or quad. I plan to live in one of the units and house hack. I currently live in a condo and plan to sell this to use as part of the downpayment. ...
Tarrek El-Saadi
Is there something that I'm missing?
I'm just dipping my toes into the real estate realm and want to purchase an investment property. I feel like I'm having a serious information gap with buy and hold strategies, especially turnkey. Purchasing these prop...
Wendy Busa
Would you private lend on Subject to?
2 questions, I have an investor that I have loaned money to in the past and he is doing a subject to. The comps look good, the LTV for ARV is 76%, the bank has the primary lien, so this would 2nd lien position. 1. Is ...
Ashley Wilson
Why Insurance, Not Interest Rates, Could Be the Real Threat to Multifamily Housing
From rising interest rates to rising insurance costs it seems like hits to multifamily operations just won’t stop. Several years ago I said that certain natural disaster areas could potentially become uninsurable. Wel...
Steve Maginnis
Depreciation and refinancing
Hello all. I have a fourplex that I only owe about $20K on. It is a C property and I've been owner financing it since I bought it 15 years ago. My understanding is that once I have fully depreciated a property, it ...
Daniel Bernstein
Mortgage wrap deal
A real estate agent pitched a mirror wrap deal deal to me. How it would work is that I would buy a new construction home from Lennar, and I would seller finance the property with Lennar currently they are offering aro...
Brian Jackson
Flipping in an O/O only condo community
I have found a great deal, but that property is in an HOA that only allows O/O. Does this essentially cancel out the possibility of a fix and flip?