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Are you an investor or flipper in the Grand Rapids area? Have you secured a foreclosure or REO flip and are ready for the dirty work of renovation but struggling with funds, or sub contractors, or a variety of issues...
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A rental house in Toledo had a fire and the city is escrowing $11,000 to be released to me upon demolition
I can get the permits and demo done for $6,000
I've already signed my demo contract with the licensed demoli...
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I just had a deal fall apart because hud requested the hard money lender show a bank statement or letter from their bank showing they have enough funds to close the deal, when I told the lender about this they were du...
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Hi, I am Raju. I live in Toronto, Canada. I visit New York very often. I want to invest in Rochester. Since I am not working professional in USA so I want your help to understand how mortgage and private financing wor...
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What's up BP!
Many people have asked me what they need to do to get approved for a loan. There are a bunch of ways to help prove yourself to a Lender, but staying healthy in these four categories will put you in t...
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I signed a contract to purchase a house with a contingency of my current home selling. My buyers cancel contract their contract due to a needed extension for title. So, I had to cancel my new home purchase contract si...
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I’m a 22 year old Union Carpenter who is looking to start his real estate journey. I’m stuck between on which loan type should I use on my first investment property. I have enough funds saved up to put down 20% for pr...
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We build single family homes, either for spec or for specific clients. An opportunity has arisen whereby we could acquire upwards of 52 lots (mix of townhome and SFR) from a local municipality. These lots are in an ...
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A teacher I used to have has 38 properties and all 10/15 year mortgages which all have break even cash flow which in turn lowers his taxes from his full time job. After the 10/15 years he refinances and pulls out as ...
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I found a house that is being sold on owner finance. The numbers work, with about $300 a month cash flow using the 50% rule and 2% rule.
Question is, what are the pitfalls of buying on owner financing? What...