Ryan H.
Paying Down Mortgage with HELOC?
Hello, I'm trying to understand whether paying off my mortgage balance using a HELOC would make sense. I am feeling confused about it, because the terms of each are so different. The mortgage is a long-term, fixed r...
Terry Royce
Figuring out max purchase price from mo rents.
I am looking at a 3 unit with mo gross rents of 1100. The price is too high, but how do I figure out what my max offer is based on the rents?
i know ive seen a "rule of thumb formula" bounced around here somewhere.
...
Eric Schrader
Promissory Note
Hey folks, So I have approached some family members and have a few that would like to start investing in real estate. I would be the muscle and they are the $. Does anybody have an example of a promissory note I cou...
Tom R.
Tenant wants a roommate, new lease?
My tenant has asked to get a roommate. I'm OK with it but I said the new roommate would have to pass the same background checks she did. My question is when I approve the new tenant and we sign a modified lease do I ...
N/A N/A
Question on tracking residential real estate trends
I'm new! I recently passed the a broker's exam and now have a license in Illinois. I don't know if I'll ever actually sell real estate or not yet. I'm interested in market trends though.
If I want to track...
Dan Miller
start-up logistical questions
Hi all,
I just set up my LLC and now want to get some business cards, and email address, and at least reserve a domain name.
Can anyone recommend a good place to order biz cards or to design a logo for a reasonabl...
Karen F.
How do I do 30% owner financing mortgage on a multi?
I have only ever bought for cash beforehand on investment properties. This time, because I just don't have enough cash on hand in the LLC that will purchase this property, the owner has agreed to hold a note for abou...
Rory Egelus
How to close outside title company?
I’m the buyer and have a direct (no realtors) owner-financed deal about to go under contract. I understand the risks, but am curious if closing outside a title company is as simple as recording the notarized documents...
Jennifer Fernéz
Landa Lending - REIT - Someone please explain!
Hi there,Can someone please explain the numbers behind investing in a REIT. I like the Landa app, how it is structured, the overall ease and organization of the website and documents.However. I have no idea how di...
Mary McGinty
Leveraging Lines of Credit
What experience do you have with leveraging lines of credit with credit cards? How did you use it? If used as a private lender, please share your workflow.
Thank you Mary