Cameron Johnson
How do I use loan to value to cover entire flip costs?
I have several potential flips going and every local bank I speak to wants around 80% of the ARV of the property or 90% of the cost, whichever is lower. My issue is that the 90% loan to cost is always the lower of the...
Michael Brack
Spec Construction Loan Strategy for Owner-Occupy Triplex
Hi Everyone, My LLC owns a lot in Fraser, CO (Winter Park Area) that we want to build a modular triplex (town homes) on in 2020. Once we build the triplex, we plan on either long term renting or selling two of the uni...
Stan Butler
Lien and Judgment Priority at Foreclosure
Researching a property going to the steps next month in Georgia. I found the following encumbrances:
1st Mortgage
2nd Mortgage
HOA Lien
2 Writs of FiFa (think these are CC deficiency judgments)
...
Steve Jones
Assigning REOs
I've heard that that you can't assign contracts with REO properties. If that's true, is there a way around it, or should I just avoid REOs in regards to assigning contracts.
Matthew Bell
Property Preservation in Columbia, SC
Hi all-I own several hundred homes in the Columbia, SC area and am having trouble finding property preservation companies that might be able to help me. I am in constant need of lock changes, trash-outs, paint touch-...
Chelsea McDuff
Best Areas to Invest
I am curious to hear everyone's thoughts and ideas. Where do you think the best place or some of the best places to invest in the US are? I am currently living in Tampa, FL and the market is HOT. Would love to hear fr...
Eric Lewis
Home Path Investment Mortgage
Good afternoon, I am fairly new to real estate investing. I have one rental property now that was formally my primary residence I have been renting now a little over two years successfully. It isn't cashflow positiv...
Jackalyn M.
Finalizing quit claim deed process
A family member and I inherited a home 50/50. They signed over their half to me with a quit claim deed that I filed with the county clerk in 2018. The home did have a mortgage that I ended up paying off myself, never ...
Ray Harrell
Equity as down payment?
Hi everyone. I found a deal where the seller has found a bank willing to finance the property at the asking price of $325K. It's a 7 unit building 90% rented. On the materials sent to me, it shows that the financing t...
Jackson Malcolm
Chattanooga Lenders With No Seasoning Requirement
Hey BP,I recently completed the rehab and placed tenants for my first single family BRRR deal in Chattanooga, TN. Now it is time to refinance!I have been hearing from lenders that it is a Fannie/Freddie requirement to...