Hey everyone, I am financing through an owner and I want to make sure that I do everything I need to be doing in order to refinance through a bank. I know the original deal should be documented correctly and there sho...
With so many Real Estate investment strategies available, it's crucial to find the one that best suits you. This is something that I spend a lot of time wrestling with as I am learning where my personal path in real e...
Good Morning everyone! So on one of my investments (duplex), I had refinanced it back in 2020 to a 15 year loan. Now, as our real estate taxes on that property jumped up significantly we are wanting to go back to a 30...
If I purchase a home of 100,000 and put 20% down on a 30 year fixed rate mortgage at 5% interest, then the loan amount is 80,000. If 5 years later, I want to sell the home and it is worth 120,000, and the loan balance...
CPA’s, accountants, and loan officers please chime in but obviously don’t provide anyone with tax advice, but does my logic make any sense?I was told once by a lender that debt service is not considered profit. For e...
Hello to all.
Working on a deal now with a triplex that needs pretty extensive repairs (about $25 to 35,000). Asking is $68,000 and the loan is assignable at $60,000. ARV is $109,000. The area rents for around $60...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Milton Freewater.
Purchase price: $1,450,000
Cash invested: $230,000
Buy and Hold: This is a 27 unit deal that we bought in...
I’m looking at a two-unit property that needs substantial work, but the price is almost there. The sellers are only accepting cash and 203k offers. I don’t have enough cash on hand for the whole thing, hence these que...
Recently, I have been doing calculations to help myself decide what a good deal would be on a few different homes. While calculating total return on investment I noticed my calculation of total equity accrued in one y...
Hey gang, first post here.I'm helping my parents STR a ranch house that we're just finishing up renovating. They've put a lot of money into it and are anxious to get cash flow going.We'll be ready to start taking on g...