I have never done a flip with a private loan before, but a good opportunity has presented itself and I know someone who is interested in partnering with me. The way it would work is he would fund the purchase and reh...
I am planning on rehabbing a unit in a 3 unit building. The other 2 are done. Just to throw some numbers out there, If it costs about 45K to rehab and rental income should be about $24000 a year. Is this a CoC metric...
Hello everyone, I'm considering using a heloc for a downpayment on my first property, however every time I run the numbers through the rental property calculator, the monthly cash flow in usually under $100. I unders...
I've had a cash offer accepted on a duplex. The inspection turned up some issues that I'd really like the seller to fix, but they are not willing to, and instead offered a price reduction. However, I will likely be ...
Suppose I'm making a cash offer (no financing contingency) on a property. Reasonable seller is going to want some kind of proof of funds. Which of the following, if any, would suffice?1. Current bank statement showing...
Hey guys,
Was just curious if anyone has had experience with doing cash for keys in the San Pedro/South bay area.
1. Are there any restrictions on doing a cash for keys agreement in terms of legality? I heard ther...
Say I buy a home on 50+ acres using money from IRA 60 day rule, personal bank loan and maybe a loan from a friend. This would either be a rental or 2nd home. If I separate the house from most of the acreage, and cas...
Is there some kind of general rule on haw much cash to keep on hand compared to the loans you have out. Say you have $30,000 in cash how much would you feel comfortable having loans outstanding on that amount?
Wondering what some of you who have experience in the small-mid multi-family market would do with a fairly large amount of starting capital (>250k) considering down payments. Do you prefer going as low as possible ...
Greetings,I am in discussion with a potential buyer on a condo I want to sell. The buyer wants to borrow more than the sale price, and would therefore be doing “seller concessions” at the closing table. eg, if house i...