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Hello all, I just wanted to know how many of you have invested with a friend or associate in hopes of obtaining a better quality of property. Is this something that is common practice ? If so, what are some things you...
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This is my primary residence. My neighbor installed a fence about 10 years ago on what we thought was the lot line. We tore our house down and built a new one 4 years ago, at which time we discovered his fence was w...
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Is anyone familiar with www.fundingforflipping?
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Hey guys, we are currently communicating with a seller who inherited an old home from his mother who passed away and he is an absentee owner. He opened a line of credit on the house that he ended up becoming delinquen...
I'd like to hear what others have to say about this. I have a bank that is willing to do a line of credit based on the equity in my other two rental properties. The line of credit would be $100k. I have $100k in ca...
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I'm about to go straight from renter to triplex owner-occupant. I'm an exceptionally fast learner and have at least average coordination, so I love the idea of learning to do as many things as possible myself.
If I w...
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Hi, I’ve read elsewhere (still looking for link) where FICO treats HELOC amounts > $35K more favorably than lesser amounts. IIRC, this has to do with calculating how the HELOC amount factors into your debt service...
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Ok all you seasoned, or not so seasoned, buy and hold investors. Im a wholesaler and I have just sent out a mail campaign for multi family units (2-6 doors). Now I have heard of the 1-2% rule of making sure your buye...
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Hello! I inherited a building from my late mother who had a tenant. That tenant is now gone thanks to COVID (they went out of business). I am trying to find a new tenant, and I am fielding questions regarding property...
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I have an Open HELOC that has a 5% 5yr draw and a line of 70k. I recently purchased a property that needs some renovations ~50k. I am trying to figure out what strategy to go with to finance the reno. Do I use a 18 mo...