Austin Latty
Input on a potential flip
Hello folks,
I would like input on a potential property to flip. I came across it from a wholesaler. The asking price is 56k, and the ARV is between 120-130k. Ive had a GC take a look, and seems like 20k rehab cos...
Lin Wilson
Mobile home
I am looking to start investing my money into Mobile Homes in the Maryland area, and was not sure on how to start. When I do venture out hopefully I will have the knowledge of negotiation and asking the right quest...
Account Closed
New credit report rules require 30 months of payment history
Just saw this story here: http://bit.ly/2d6Px2RThe gist of it is that beginning tomorrow Saturday 9/24/16 lenders will now consider a mortgage applicant's payment history over 30 months to determine their credit worth...
Michael Palmer
Reasonable Construction Loan Terms
I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms. $346,000 loan amount. 75% ARV. 3pts to the lender. $3K to escrow/title. $84K cash to clo...
Mike O.
Water damage from a burst pipe - Who is responsible for what.
We are looking to get opinions/ thoughts on how much you would do for your tenant. Here is what is currently going on... Tenant called Thursday letting us know water was spraying from water softener and it flooded kit...
Kent R.
Hard Money Loan Forms
In Florida, I know that both a mortgage and note are recorded by the Lender with the Clerk of the Court, but where/how are the points (origination fee) addressed? The notes that I've seen in court records only have t...
Guevara M.
(Update) Help with a Letter.
I was just informed by my brother that his ex landlord needs to get out of his house. The market value in that area for that house is between 80K-100K. He said he is looking to just get something like 20K for it. I...
Kirk R.
Prices - Menards vs Lowes vs Home Depot
I'm a fan of Menards. They always seem to have super good deals when things go on sale. I haven't shopped HD or Lowes too much.Since I'm a veteran I get a 10% discount at HD. Then I've been buying a few HD gift ca...
Justine Scheuher
$1200 for a CPA a reasonable amount for W2 and small LLC?
I used a CPA for the first time and just got my bill $1200. I am a W2 and have LLC with 2 properties that I've kept good records for. My return was only for $1,200...
Kel S
Anyone have a source for a pre and post rental walk through form/checklist?
I'm looking for a form/check list for using when you do the initial walk through of a house with a tenant and when they move out. Something that itemizes each room and where each party initials what the condition of e...