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Everywhere that discusses wholesaling talks about being able to make $500-$20000+ on wholesaling deals. Common basis for pricing things out is of course the 70% ARV less repairs. My question is how you go about dete...
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If I want to buy and hold a property and would like to use private money, how are those deals typically structured? Do private investors want an equity stake? Provide a short-term loan? Long-term loan? Something else?
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I am new to real estate. I found a private lender. He is willing to give me 100% with 3% interest on a $150 k loan. He said he needs my bank account to deposit the money. Does this like a scam or is it legit? How does...
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Hi All, I am new to multi-family investing, is it advisable to do the first deal on a LIHTC (Low Income Housing Tax Credits) apartment complex? What are the pros and cons? Do we need to pay fewer property taxes if we...
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I have a property under contract that happens to be my first. I started out wholesaling because lack of capitol. As many before me. So my experience is somewhat limited and thanks to biggerpockets and other knowledgab...
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I recently got back in to rehabbing homes and just finished my first 2...after briefly listing them FSBO and not getting a single response we went with a full fee agent and listed on MLS. Had an incredible response i...
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Hello, I'm about to purchase my first investment rental property. I received a preapproval for a $68.8K loan on an $86K purchase. I'm planning to refinance in 6 months to pull out some of the ARV equity after some reh...
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I have a property I own free and clear and want to do a cash out refi for around 40k. Should appraise for around 60k I am past the 6 month seasoning period. I have found a local lender that can do it but the closing c...
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Hi,I have worked with a few lenders and have been seeing rates for a 5% owner occupant conventional loan floating around 7.1 - 7.3%. I recently got in touch with a smaller bank that is able to do a 6.5% interest rate....
Here is the scenario. I first started out with a 680 credit score when I approached my loan officer (at Suntrust) back in March and he gave me a 3.75% interest rate, I'm still looking for a property up to now and my c...