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Currently looking at a multi-family property in the Central Jersey area.
They are asking for $425k for the property.
It has 4 units (2 bd/1 ba)
Each unit can rent out for a minimum of $1200/month.
PROBLEM: Asbest...
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The seller has requested a 21 day mortgage contingency on the offer that I originally proposed as a 30-day conventional loan. After speaking with multiple banks, obtaining that 21 day mortgage is slim to none. So, I...
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Looking for advice on what type of funding to use on my first multi family. I have heard pros and cons for both avenues. Wondering if anyone has an opinion or personal experience they can lend to this topic.
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I'm interested in hearing from folks who *made* the deal great. Now more than ever, I believe we smaller investors will have to make deals great by being more creative. Would you mind sharing what you did to make an...
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Here is a brief look at what is on offer out there:
➡️ Agency loans as mentioned, such as by Freddie Mac and Fannie Mae. They usually last for 5 to 10 years and allow you to borrow up to 65% of the property's value. ...
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As a hard money broker, I’ve been seeing more investors use DSCR loans for rental properties and other investment projects. I’m curious to hear from others in the community—how are you finding DSCR loans as an option?...
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The house my husband and I have been waiting months for finally came on the market. Unfortunately, it's listed 200k more than the listing agent said it would be listed for. I don't think there will be many standing ...
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Back in October, the executor of an estate replied to an absentee owner letter they had received in September. She was in charge of liquidating the assets for the deceased. The estate was paying her and she does not r...
I've read numerous posts about list sources and software all claiming to offer great information, almost all responses to these posts say nothing is accurate or offers any real opportunities, does anything really help...
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My relative has a huge property in great condition but there is no comparables . How do I wholesale it with no comparables?