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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $560,000
Cash invested: $45,000
Sale price: $560,000
Through my network, I located a distressed property...
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Hey all,I would like someone who is experienced in wholesaling to verify the accuracy of my understanding of the wholesale transaction. I understand the process as follows:Step A: wholesaler places property under cont...
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My question is around identifying the appropriate General Contractor to renovate an investment property. I am looking to make some moderate renovations to a SFH investment property that includes flooring, kitchen, bat...
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Hello,I currently live in Austin, TX and plan to purchase my first house and do a "House hack". I don't have a ton of capital but since Commercial real estate is my profession, I am licensed (Not experienced in reside...
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Hello - I'm currently in the process of purchasing a four family home that had some renovation work done in 2014 with permits (i.e electrical, plumbing, new bathrooms, new kitchens). During the closing process recentl...
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I am currently live in an apartment that was leased by the condo board. Owner has been missing last decade without paying mortgage neither maintenance that legally supports condo board to leasing the space to a tenan...
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Is there a significant need to use a realtor when purchasing a muli-family property? Have you purchased a property from the owner directly? If so, how did the process work? Thanks
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Financing a multi-family property typically involves several steps:
1. Down payment: Ensure you have 20-30% of the purchase price for a down payment. Most conventional loans will require you to bring around 25% of th...
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I purchased a out of state property. I live in Houston and purchased in Arkansas due to the great prices for real estate and the need for rentals there. I purchased this home at Auction and then looked around for a co...
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There is a 3/1 home for sale for a few thousand dollars in my target area. Does this mean I have to pay 95% of the original mortgage held by the lender after the purchase? The home is listed in foreclosure and was r...