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...
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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...
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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...
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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 ...
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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...
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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...
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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...
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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 ...
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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?
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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...