NIcholas Hamel
Refinance rates for investment property
Hey everyone, I see that rates are really low lately. I have an investment property currently at 4.5%. I am seeing rates as low as in the 2s. Are rates this low for investment properties too or is this just for ow...
Michael Medeiros
What to pay a realtor on a private sale
What do people pay a realtor on a private sale (I found the property with direct mail) to handle the closing process, home inspection, etc...?
He also provided me with a CMA and contractor name
Don Petrash
Approaching a seller for a cash deal
Big Picture: Looking for the right approach to a distressed seller. Lots of job losses and foreclosures coming in my market. This is what I put in several "white letters." What do you think? How can I give a bette...
Silvana Elejalde
Bank Foreclosure sale with surplus to pay for property taxes
Hello, if anyone has had any experience in Broward County, Florida, winning a bank foreclosure paying over the final judgment amount, and getting the Clerk of Courts to disburse funds from Court Registry to cover deli...
Kyle Soderman
Deal Negotiations
To keep this short, I submitted an offer on a house yesterday. Here are the numbers.List price: 129,000Offer I put in: 110,000 (Seller pays closing)Days on market: 164They just had a deal fall through a little over a ...
Adam Eaton
Multiplex vs. Single Family Home as first purchase?
My wife and I live in a relatively competitive market. We have been looking at purchasing our first home for quite some time now, but everything in our price range gets snatched up before we have an opportunity to mak...
Debra Muth
FHA loans and student loan
Does anyone know what the new change is that prevents you from getting an FHA loan when you have student loans?
Derriel Cribbs
Hard Money eligibility for an auction purchase?
Greetings all,I have a unique deal and I am exploring the possibility of using a hard money lender. Is there an HML that will loan a relatively small amount as low as 25-27% of the deal? I will be putting 130K cash in...
Janelle Hicks
When is a building a lost cause? Rehab cost too high?
At what point is a property too far gone to rehab? I found an 9 Plex, fixed up it could be worth about 400k based on income valuation. But it needs EVERYTHING. Place is a dumpy/disgusting, been vandalized, no floors, ...
Kevin C.
An introduction, and where do we go from here?
We currently own two rental properties. Neither were purchased as investments originally, so they aren't the best deals.Property A: Purchased for 100,000. PITI is around 730/month. Currently rented for $900. Mortgage ...