Harold Hanover
Making assets invisible
Hi Everyone, I'm a small fry investor. I think it was podcast 569 with Tom Wheelwright (not totally sure) where I believe I heard David Greene make reference to realizing he was a sitting duck with high value visible ...
Zachary Phelan
How to get out of Primary home loan and ready to buy a second?
I just bought a home. Conventional 5% down. This is my first and primary home. If another deal hits the market, and I want to buy it. What steps do I need to have in place so my debt to income is back inline?
I have ...
Jeffrey Johnson
Good Deal? Why/Why Not
Please check out this link and see if this is a good deal. I have done some calculations with this online tool to the left of the forum, but I just need to know if what I see is right. I will save any info I have u...
James Compton
Probate / Lien negotiations
Has anyone ever helped a potential seller negotiate the liens on a home that needs to go through probate? The seller is interested in selling if we can reduce what is owed. Current debt includes a HELOC, credit card...
Aaron Shoemaker
ATL lenders who account for new rental income in ratios
Hi Atlanta folks,I'm looking for bank recommendations in the ATL metro area.What I need are lenders who will count new or expected rental income in their debt/income ratio calculations.Context is:I am renovating 1 pro...
Tenzin Yangzom
Vacation home
Hello everyone, I am tenzin I would love to buy a vacation home or apartment in South Carolina, I would like to have any advice and best and easiest way to finance it. Thank u
Gregory McKinley
Multi family Repairs
Here are a couple of questions. 1. What formula do you use for calculating Interior Improvements that will be factored into the Agency debt for multifamily units? 2. What formula do you use for calculating repairs and...
Roma Korenyuk
Does anyone know how 1099C works from a lenders point of view.
I'm trying to figure out the IRS 1099C from a lenders point of view. If and when it should be sent, or if it should be sent at all. How would the total be figured out. Difference between taking the property back as RE...
Mike Hanneman
Multifam cash flow
I know this is subjective to a multitude of different things, but is there a number that you experienced investors look for monthly cash flow? 4unit -$300, 8 unit- $500, etc...I have a couple properties in mind but I'...
John Gusto
Calculating Cash on Cash Renturn for Wholesale Deals?
Hello everyone my name is John and I’d like to get into wholesaling. I’ve been doing a lot of research and spoke to a couple of buy and hold investors in my area. One of them mentioned that he typically looks for a 15...