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Ok I am a relativity new investor, we have done a few successful flips and a few BRRRR's. I have some family that has noticed and have inquired about giving us private money to use for investments. Its actually severa...
Hello, new member here. Looking to get into some small multi-family as soon as possible. Just got into a new job 6-7months ago(in real-estate Acquisitions for off-market deals) and therefore would likely have to wait ...
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Hi everyone,I purchased my primary resident in Queens, NY about 5 years ago. Thanks to crazy NY Real estate market, I have significant amount of equity on my PR which i'm considering tapping into to invest in other r...
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My mother passed away 2 years ago, I finally got the estate closed out and got my name on the title. The mortgage I am still paying is still in my mother's name but it has a HAMP incentive, so next year it will be fin...
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After just going through my 2013 taxes and now looking ahead to 2014 I have a question about repair vs improvement in the eyes of the IRS. At what point does a repair become an improvement?
I know that if yo...
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Hi! Has anyone had experience using all in one loans / vortex loans? it sounds good but I'm not sure if it's the right way to go. Basically it's a faster way to pay down your loan because it applies your payments t...
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I know everyone talks about lenders wanting seasoned MFH that is rented for 6-12 months before refinancing; however, are there rules of thumb for cash out financing/home equity loan on a cash purchase SFH? Looking at ...
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Hi!
One thing I run into often are borrowers who are looking for loans based purely on the After Repair Value of a Fix and Flip investment. Because of common marketing strategies by the industry, their expectation is...
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I have a property I own free and clear and want to do a cash out refi for around 40k. Should appraise for around 60k I am past the 6 month seasoning period. I have found a local lender that can do it but the closing c...
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Not sure what section to put this in. Anyways, I have 37,000 left owed on my 10acres and home, which just appraised at 83,000. My interest rate is 6% adjustable to 14%. I would like to refinance the 37,000 with a fixe...