Adrian Hollifield
Confusion on how HML dispense loans for rehab
Hi everyone,I’m looking to use a HML to fund the rehab and 70% of the purchase price of a SFH. My contractor has given me his bid and asked for 25% upfront payment to start work. Here is where my confusion is. Will th...
Ryan Moyer
Confused on whether to include spouse on loan
My wife and I are looking at our first investment property, a STR vacation home in east Tennessee.I work and she stays home with the kids. We both have excellent credit and no debt other than our primary mortgage, wh...
Chip Carter
Confusion about Repair Estimates Throughout the Deal Funnel
Hello, I was hoping you could help me clear up some confusion about estimating repair costs throughout the deal funnel. I understand that to BRRRR you need a distressed property and often this will be property that n...
Keith Anderson
New Jersey / New York probate and refi confusion
I have run across a head scratcher....A property owner in New Jersey dies and wills the property to his son who lives in New York. The property is valued at $450k. There are two mortgages totalling $160k in the father...
Therese V.
Bankruptcy Release Fee? Short Sale? Confused on Addendum
A property that I'm thinking of putting an offer has an Addendum that lists:
"Buyer acknowledges that this property is subject to Short Sale Lender and Bankruptcy Court Approval."
"Buyer will pay a $5,000 Bankr...
Garrett M.
First Deal Strategy - Conventional / FHA - A bit confused
Just looking to clarify a few points so I can better understand the direction I want to move in REI.
As of today I have enough for a 20% down payment in my area. Triplex, owner occupied.
I am looking to...
Brian H.
ROI vs Cash Flow Confusion on first purchase
Hey all! So I am analyzing multiple possible deals for my first buy-and-hold purchase. It is exciting but nerveracking. The main piece that is causing me to stop and question is ROI vs. Cash Flow. Example:So I have...
Mike Verrona
Buying to Rent but confused with HOA/COA
i finished reading the helpful beginners guide here on BP. And, the users here have been much more helpful than I could imagine. I Am a serious newb and its good to now know some of the terminology for some of the str...
Trevor Marvin
First time investor - Confused about order of operations
Hey all,Is it standard to have your LLC open prior to purchasing a property? When I make offers, am I making an offer representing my LLC or is that detail irrelevant as I would just put the LLC down on the purchase a...
Raza Rizvi
Selling a property and confused with capital gains
Hello fellow investors. I had a question. I am selling an investment property and wanted to understand capital gains correctly. When I purchased the property I put down 25% downpayment of my own money + closing costs....