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Background and Current SituationI currently own a home in Clovis, CA with $472k owed on a $487k mortgage. My total payment is $3500 (including escrow); it could rent for around $2700. The property is in a prime locati...
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I️ have hard money and a lot of home equity to use for my BRRR strategy. I️ want to know if my home equity line is going to hinder my refi with the debt to equity ratio. I’m torn between using my home equity or hard m...
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Hello All - Currently doing single family rehabs but want to get into commercial properties. Based on the magnitude of investments and risks, I think that finding a mentor is the way to go. I am tossing around enterin...
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The NEW lease-option design...As I understand it, one of the requirements of the new Consumer Finance Protection Bureau, birthed from the Dodd-Frank legislation, is that ANY lender in an installment sale has to verify...
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Lately I find myself doing clerical duties making sure that I'm escrowing enough for taxes and insurance when I should be buying and selling notes and properties. I don't see much discussion on here about servicing o...
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Hey guys,
I talked with a builder earlier today about my desire to have him built some duplexes for me. I have around 350k liquid ready to deploy for buying land and securing a construction loan. He told me that he p...
I bought a house for $63000 7 years ago I owe $51000 now and value of home went up $10,000 since I bought ..its a owner finance my friend owns house will appraise for $84000 -$90,000 should I try to get a mortgage for...
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Hi everyone,My wife and I have finally found a property that we would like to flip but I am having a hard time figuring out how to put in an offer quickly. Our realtor says that we need to have proof of funds in order...
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I'm looking to get more info on the ins and outs of how it works when you cross-collateralize (CC for short)a property you own free & clear towards an acquisition you're looking to finance. My portfolio len...
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