Trevis Kelley
My First Deal Analysis - Round Two
Since my first property I was seriously looking at fell through, I thought I would try this again. Hopefully it is a winner this time.@Bram Spiero I just wanted to let you know that I am evaluating another deal agai...
John McKee
Is anyone using all interest loans as a strategy?
I'm trying to retrain my brain on this kind of product compared to the traditional Principal and Interest. My thought is why wouldn't I do an all interest 10 year loan at 4.99%? Prepayment penalty is only the first ...
John Jackson
Was this mortgage fraud?
A person owns a home in Washington, DC and has a mortgage on it. They relocate to Massachusetts. One month later, they refinance the DC home and get a new mortgage, claiming the DC property is still their primary re...
Daniil Kleyman
ROI vs. ROE vs. Cash on Cash
In talking to people and reading various posts online, I see a lot of confusion and varying opinions on ROI vs. ROE vs. IRR vs. Cash on Cash. For example, some people think that in the first year when you purchase t...
Edward Burke
Cash Tenant, No E-mail (Crazy...)! Rent payment options help!
I just acquired a 4-plex today. I currently have 18 units, and will have another 4 here within the month. As crazy as it might seem to many, I self manage from out of state. I have a reliable maintenance team and l...
Meryl McElwain
So-anyone still paying rent?
So I'm in Chicago. Two six flats. 8/12 tenants now not paying rent. I've been talking to other landlords and it's the same story. I have two buddies with 60 units between them. They're are mostly 1 bedrooms. Rent is u...
Kyle Swarts
Creative financing on a bigger scale flip
Hey guys I'm wondering about a few different finance options on a larger scale flip.I found a 4 bed 2.5 bath on 6.8 acres about to go into foreclosure. It's been on market around 100 days, they're asking 115k for it. ...
Account Closed
Is Moving from LA to another Market a Good Idea?
Hi Everyone!I currently live in Los Angeles and I am actively looking to start investing in real estate. My ideal first deal would be a multi-family (anything from a duplex to a quadplex) in which I would live in one ...
Summer Segeleon
Aquiring property at tax sales- Safe?
I do not mean to ask about buying a tax lien, which is different.
My county in PA has first an "upset sale" , in which you are buying the actual property, but any mortgages, liens, etc. are still attatched ....
Alec Jacobs
Should I pay $20k over the appraisal value
Hello everyone, I have a weird scenario that I have been really wrestling with lately.I am in the middle of buying a home and the appraisal came back $40k under my offer. The seller said they would come down $20k and ...