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My grandparents took out a reverse mortgage on their home a few years ago. I spoke with them recently and they said they'd be glad to give me the house but neither of us know the process of what to do. I told them to ...
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Can you get 100% cash out refinance on a VA loan if it is a rental property?
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I closed on my duplex last year in MA, and I'm living in one unit and renting the other out. My question falls on insurance for the Dwelling - should this cover the entire appraised value of the house? Right now my ...
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Hi guys,
I showed a property to a client that was apparently in the redemption period of a foreclosure. The purchase price was $280K, and we submitted a full price offer. I get a call from the listing agent that the ...
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So I recently bought a single family made it a duplex with the city and now am living in one side and renting out the bigger side. The mortgage is 1710 and the rent is 1875 so covers the mortgage but obviously there c...
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I own a lakefront resort with 6 rental cabins + the innkeeper's house + boat dock on 10 acres in a popular vacation area. It is in it's 28th year of operation and has about a 62% occupancy rate. On-line brand recogni...
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I am currently in the process of applying for a HELOC. Today, I was given an appraisal of 145K on a house I bought for 135K 2 years ago. No one actually came to the house instead comps were done. With another lender ...
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How much cash flow do you aim to have AFTER refinancing? By cash flow, I simply mean cash after paying PITI. Are BRRRR investors happy to be making any money at all after refinancing or do you still want $100/door min...
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Trying to do the BRRRR method. Purchased a forclosure and rehabbed it using money from a HELOC on my house. So the property purchased is free and clear of any loans. Went to the bank to get a loan 0n 70 % of the value...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $90,000
Cash invested: $45,000
We bought this house after a wholesaler lost his contract on it, the homeowner in th...