Jonathan Farber
Closing costs on property
Is it possible to pay more to close on a property than what is shown on your HUD 1 doc? I just got a property under contract in New York. I am reviewing the HUD 1 Doc and the total "cash to close" figure is lower th...
Palmer Thomas
Using paid off rental as down payment for DSCR loan
I have a paid off rental (approximate value $150k) that I was wanting to use the equity as a down payment on another rental house purchase ($200k purchase price). Is this a common thing most DSCR lenders can do? I d...
Jim Piety
Flip gone bad - need some advice
Fellow investors!I certainly lucked out in my first flip down in San Antonio. Purchased it through a wholesaler after doing a walkthrough with the contractor. Per wholesaling contract, I have to do all due diligence u...
Account Closed
HELOC
How long after you close on a new construction can you pull out a line of credit from the home? Or can you?
Brandon Graham
Hard money loan under $50k
Hey everybody, I have found a great deal in my hometown of Columbia SC. It's a duplex that's listed for 50k. The sellers are motivated to sell. The property already has two tenants which yeilds $1170 per month. So the...
Jeffrey A.
Should I use a HELOC for first my first flip or find other means?
I'm new to real estate investing and Im looking to flip my first home. I have a relative that has some flipping experience (2 successful flips) kind of mentoring me along. He has used hard money as well as a line of c...
Josh Sterling
Is this my only shot?
Well, I'm really spinning my wheels here. In the past couple weeks I've called 30+ small banks/credit unions trying to line up financing for purchase/rehab. A 100k line of credit would be ideal.
Of those 30+ banks I...
Elizabeth Njuguna
To walk or not on turnkey
Hello! I recently had some inspections done on a turnkey property and got some less than stellar findings back . The biggest item being a Sewerline needing to be replaced . Purchase price for home is $88000, it apprai...
Martinis Jackson
Baltimore Rehab: Deal Closed!
BP FriendsWe have closed on our first investment property in Baltimore and can't wait to get started. 2 bedroom 2 bath ((we are adding a bathroom) 1200sqft. 30k cash purchase with a combo of line of credit and private...
Todd Hull
Fourplex flip- Loxley AL
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $156,000
Cash invested: $130,000
Sale price: $435,000
Extremely distressed FourPlex. It was occupied by ...