Jeff Kelly
Get Delayed Financing, then subsequently get cash-out refinance?
Let's say someone pays cash for a property (and for the rehab) and then gets Delayed Financing for 70% or 75% of the purchase price (and rehab) soon after purchasing. My question is whether that person could then get ...
Colton S.
Help With DTI Calulations
Hey guys,My wife and I are considering moving and purchasing a new house. I know how to calculate DTI, but I'm still generally new at it so I wanted your feedback. Below is the current numbers we have:Income: $48,500E...
Chloe F Holmes
Closing costs are steep
Hi all,my husband and I are in the process of settling a Short Sale purchase in Maryland. It's $99k purchase price with Seller's side covering legal and title transfer (provided we pay $3,500??).Our lender has come ba...
Account Closed
ROI and ROE calculations for a flip
A friend of mine asked about calculating ROI/ROE for a flip he completed in April. Details:Source of funds from HELOC interest only.Rate at prime rate + 1/1 a point (4%).Purchase price $128,000Purchase date 01/21/201...
Austin Swanson
Perfect BRRRR - Detailed Investment Analysis
IntroductionOn 1/31/2020, I purchased my first two rental properties. One of which I just sold last week, on 5/27/2021. The following write-up is a detailed analysis on the numbers, from purchase and closing costs...
Jon Guy
Help understanding bridge loans 🙏🏻
Can some experienced investors explain in simple terms how bridge loans work? I’ve been doing some research but I don’t think I fully understand. With a bridge loan do I have to raise less money from investors because...
Shuai Zeng
Am my cover in this contract?
The seller trying to sell a reo they purchase. But, with 90 days restriction, they going to do a Lease to own with me. I read through the entire contract, but will they refund my contract fee if they fail to deliver a...
Kim Horn
Foreclosure, rental, appliances
Let's say that I purchase a home in foreclosure and let the former owner stay as a renter. If one of the appliances, that they purchased as the former owner, dies, am I responsible for the replacement or repair? I ha...
Daniel R.
Working in up front reno costs in the numbers for rental home?
Curious to see what ways you guys do the math (and the pros/cons to spinning it either way) while doing lots of up front renovation on purchase of a home to prep it for tenants. Doing very very basic numbers: Lets s...
Joseph Parker
FSBO - Seller requires Purchase Proposal before giving any info
This may be a dumb newbie question but I haven't run into this before.A local commercial property is listed for sale by owner. I reached out asking for more information and willingness to sign a non-disclosure if nece...