Richard T.
What to invest with $20k for long term (at least 15yrs)
Hi all,
So I have about $20k on 529 for my 2 kids now. They’re 5 & 2 years old. I am not planning to put more money into 529 and want to use that $20k to buy something and forget about it until kids go to colle...
Erica Shaunta Thompson
Bought my first List today!
Today I woke up and decided I was going to send out my first yellow letters to commercial and multifamily properties with 4-100 units. :) I’m just proud of myself for getting over the first fear of actually stepping o...
Randon B.
Balloon on Seller Finance Note
I am about to put a house up for sell and I would like to sell finance the note. I was told that if I was selling to an owner occupy then I could not add a balloon as part of the note. Though if I was selling to an in...
Brian Kempler
RMLO needed for land contract sale? 10+ sales this year
Hello, if I plan to sell 10+ houses this year on a land contract, does Dodd Frank apply to me? Does the land contract sale also require an RMLO to "originate" the financing? No lien will be secured against the house b...
Emmett Dempsey
Just won foreclosure sale...what about stuff in the house??
Well we just won our first Florida foreclosure sale..yeah! Well the first one that should go to CT anyway, lol. The house is vacant based on driving by during the day and night (no lights on). I went onto the prope...
Tim Silvers
TENANTS & TRUSTEE SALE INVESTING
As most of us saavy investors and landlords know, a foreclosure no longer wipes out a lease.
Keeping in mind the Protecting Tenants at Foreclosure Act that was signed into effect in 2009 which, assuming the lease was...
Nat C.
Duplex with 600K
I've been watching a property on the MLS for the past 2 months.It's a duplex in an A grade neighborhood for 300K, which is well below similar listings. Redfin estimate prices its value at 350K.The MLS listing states t...
Matt Stefanski
Buying a duplex with tenants
Hey guys I've been on this site for quite awhile and I'm finally getting around to purchasing my first property! It's a 3 lower 2 upper duplex in South Milwaukee, Wisconsin. The previous owner was using the upstairs a...
Anthony Larson
Looking at a deal
249900 8 units
3 @ 375
1 @ 400
2 @ 450
1 @ 475
1 @ 650
42600/12= 3550
3550 * .5= 1775
20 down at 6.5% payments are 1330
cash flow per door 55.63
been on market from early 2007 and has been lowered in price from 2...
James G.
44% Cash on Cash? Am I missing something?
Hi everyone, there is a duplex that I am wanting to purchase, but the numbers seem too good to be true. Is this really a good purchase?Purchase Price: $75,000Taxes: $1,039Insurance: $1,000 (assumption)Maintenance: $2,...