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I recently took out a HELOC on my primary mortgage and have used this to purchase a home for 32,000 with rehab cost of 150,000 and ARV of 220k. The goal, initially, was to sell this property, however we would really l...
I’ve read countless times that residential lenders will only loan on properties in good conditions. How do investors get loans on value add deals? Are commercial loans more lenient?
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We are in Colorado (near Denver) and noticed moisture in the basement. I was originally thinking that the moisture was coming up through the concrete, but I don't believe that is the issue for these reasons... the to...
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Investment Info:
Single-family residence fix & flip investment in Lincoln.
Purchase price: $90,000
Cash invested: $10,000
Sale price: $118,500
2nd Flip!
Found lead on Craigslist - Motivated ...
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A large tree (75 year old / 5 story Oak Tree) fell on a rental property a couple weeks ago and caused a lot of damage to one of our rental properties. We've been working with insurance on the claim to fix this home. ...
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New to foreclosures. I've been researching a property for an upcoming foreclosure sale and found that it has several open permits and a zoning violation where some unpermitted work was done. I'm trying to ballpark the...
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Hello Everyone. After an inspection report is completed, do the sellers have to use contractors that the buyer chooses? As the seller, can I pick whoever I want since I'm paying for the repairs?; Or, is it up to the ...
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Hello everyone! I am a rookie with real estate world. We currently own a home with 4 bedroom and are under construction for the 5th bedroom. We started house hacking 10 years ago not knowing it was. We rent 2 of our b...
Hi fellow investors. I'll try to keep my post short and sweet. My wife and I own 2 properties separately: 1.) 4-plex she bought 13 years ago that is very positive cash flowing. And 2.) A large single family home I ...
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I'm looking to buy a home that appraised 1 year ago for 100K. The seller owes 65K on the mortgage. I want to get a conventional mortgage for the 65K, and wipe out the sellers mortgage. If I did this, would I have ins...