Hey all, newbie question here:I have identified and negotiated a solid deal - numbers beat my targets, and I would hate to let this one slip away. The gist of it is that the seller wants a cash deal, and doesn't want...
Can someone explain to me why the BRRRR strategy is less risky vs using a bigger down payment for a property? Or is it risk vs reward, because you can get multiple properties faster than saving alot of money for multi...
So I’m working everything out to get started investing. I’ve heard it’s best to work backwards. I’m looking to do a hard money loan and do a cash out refinance with a conventional loan in 6 months or so to repay the H...
I’m doing the Brrrr method.Have a house I’m interested in.Purchase Price: 152kReno: 20kARV: 205kI got preapproved for a conventional loan at 4.52% for the 152kBut I also have 100k in cash that I can access.To keep it ...
Good morning everyone! I've recently started the venture of real estate where I'm looking to buy a multi-family property to avoid paying a $1,350 monthly rent I've been paying for 1 year. To me it's time to move on a...
Would it be a good idea if I would to purchase a Home under a conventional loan and seek out a private money lender to help fund the Rehab cost ?? Has anybody else used this strategy ? Or is there a better strategy fo...
I am purchasing a 2 unit property, and I am going to live in 1 unit. How long is a borrower required to live in a home if they bought the home with a owner occupied conventional loan?
I am looking to buy my first rental property within the next couple weeks. I have found a 2bd/1ba originally listed at 38,900 that dropped to 30,900. It needs about 8k to rehab. I thought about offering 25k and on my ...
I am looking to purchase my second rental property soon; however, this time I will need financing. My question is first, will my LLC have a problem getting financed since it doesn't really have a credit history? I d...
Hello all! Is it possible to do a double closing with a conventional loan method such as if the client goes through the bank or fannie mae or would it even be possible to have a deal like this assignable at all? If so...