I have a question (I will be using fake numbers), say I bought a property at 100,000 and put some rehabbing work in. I only had 10% (10,000) at closing so I needed a 80/10/10 loan, loan value = 100,000-10,000=90k
So ...
Ok so let's say I buy a a non-performing note for 30 cents on the dollar and I know that the area is someplace relatively depressed like say Detroit.Let's say that the balance was $30k and the property is worth half t...
Hi,I have 2 simple questions about foreclosures in Austin.First, are there any foreclosure laws specific to Travis County I should be aware of before providing options to someone facing foreclosure?And second, do bank...
Has anyone has any experience with Funding for Flipping? It keeps coming up on my Facebook news feed. I put my info in to met more detail, and have a phone call scheduled tomorrow.
I am selling a SFR Rental that I have had for 10years. Bought it for 200K, can sell it for 250K. I am buying a Mobile Home Park For 155K. I would like to transfer the SFR into a LLC before I sell it. Then when I buy t...
Good morning! What kinds of features should I look for in a business checking and savings account as a RE investor and landlord? Do you have a favorite bank in town, and if so, why? Thank you
Our company has 16 properties within 10 LLCS. We have been using a desktop version of quickbooks and each entity had its own file. Generally there are not many transactions but each has its own bank account and some...
The best loan terms I've found so far are a 5 year balloon 20 years amortization, 5.75%. Is their any other loan structure for 10-30 unit complexes that are better than the one above or is this typical for commercial ...
I recently came across a property with over $110,000 in unpaid balance, however the foreclosure estimates was about 60,000 according to zillow.com. Is this an attractive property for investors? And who picks up the un...
When doing a BRRRR, it is my understanding that you're limited to pulling out up to 75% of the ARV. I am correct in thinking that when when refinancing, if I wrap the closing costs of the refinance into the loan, as l...