Hi All,This is a success story about a non-performing 1st mortgage and note we exited via a short sale. Here are the facts:
We purchased a non-performing 1st from a large capital fund in March, 2015 for $105,000The ...
2806 Magnolia, Saint Louis, MOOriginally purchased 3,000 sq ft dilapidated townhome in an up and coming area. Original exit plan was to perform full rehab in 8 months with resale price of $250-270k, resulting in minim...
Hi all,I am going to be moving to a larger city next year and want to start on my real estate journey. My plan is to buy a duplex, live in half, and rent the other half. My wife is currently a medical resident and in...
I'm hoping to brainstorm with some experts that might be able to enlighten me on some strategies that I am not familiar with, or maybe help a light bulb go off in my head. I currently own 6 residential single family ...
I have a meeting to put two homes under contract for 45K. I plan to get funding from a hard money lender. The neighborhood is in the lower end of the city but there are properties that have been bought and rehabbed...
Is it unusual to structure partnerships so that the sponsor/operating member of the partnership (the person that put the deal together and managed it) completely cashes out the equity partner during a refinance and as...
Hi,People always talk about how they purchase a rental property, wait a few years for it to appreciate, do a cashout refi to recoup their initial down payment, then whatever they earn in the future is infinite return....
We own a single-family rental property with a spacious yard and an external garage that needs to be demolished. The property is financed through a loan. We are aware that the yard is large enough to accommodate additi...
Hi all.Here is my scenario:Bought a duplex out of state last year. I took a HELOC on my primary residence for $200k.Used 35k down, 12k burned by a nefarious “contractor”, we eventually obtained a real contractor who d...