Ebony Bolton
Is there a minimum loan amount that lenders require?
Hello everyone. I have been looking at some low priced duplexes under 75k in the New York area. My question is... od lenders typically make 15yr or 30yr loans on homes priced this low or do they require a higher minim...
Westly Blank
Apartment complexes: are they worth the investment?
Would buying or building an apartment complex be lucrative? And what are the major drawbacks to investing in an apartment complex? How would someone get investors involved and excited about going in on an apartment co...
Hersh M.
What happens to RE during deflation?
I am new to RE and currently getting ready to jump in after studying through lots of podcasts, articles, books, etc. But (always a but, right?) I recently came across this 2010 video from Robert Kiyosaki - https://www...
Douglas J Andrews
Renovation of a motel to apartments
Hello All,I identified a motel that would make great apartments approx 14500 sq feet total. Calculating an average apartment size of 800 sq ft going for a median price of $750 a month conservatively. I calculate you ...
Jay Hinrichs
convential rates are rising and hard money rates are falling ?
I think this is the first time in my 40 years I have seen this Phenom.. conventional rates on the rise and HML rates falling.with all the private money / Hard money / secondary financing/ rates have been super comp...
John Stapleton
Best HELOC Option???
Plan to get a HELOC for down payment on my (future) first deal. Are small local banks or large banks a better option?
Jacob May
MLB player struggling to get approved
I am currently a professional baseball player for the Chicago White Sox. With that being said it is extremely hard to get loans from the bank due to only having seasonal income. I was fortunate enough to get approve...
Anand S.
Short sale - second bank dragging feet
I've been waiting on a short sale as a buyer for the last 5.5 months.
The home has two mortgages.
The first bank approved my offer, and is offering the second bank, Chase, $5K to buy them out. The second bank h...
Kelsey Teague
Building Relationships with banks
So now that the project I was working on at work has simmered down, I can get back networking and focus on building my RE portfolio. My question is how do you guys go about building relationships with banks? Do you ju...
Dan Sieg
How do get bank contact info
Hi, I'm looking at some REOs in my area and found one I'm very interested in but don't want to go through the realtors listed on the website (RealtyTrac.com). I'd like to get ahold of the bank directly and inquire abo...