Marshall Milinazzo
Advice Requested: HELOC vs Cash out refinance -Prepping to BRRRR
Hi All, A little about myself, im new to the real estate investment arena, but and fairly good with financials, and just wanted to bounce my thought process off a few folks in hope someone more experienced can p...
Sardar Mustafa Khan
Wholesaling in Banned States
I am located in Illinois where there are laws that prohibit a person/business to wholesale more than one property a year. I wanted to ask if anyone ran into any trouble wholesaling before in a state that has banned it...
David W.
Rent Assessment Opinion on Property
I am looking to put in an offer on a duplex that is located in Columbus, C class neighborhood, currently occupied with $600 per unit. Property is in good condition and in no need of any major repairs, roof etc. I put ...
Daegan Brady
The BRRRR method
How do I explain to my significant other how we would get the forced appreciation in the BRRRR Method to cover the down payment in the refinance?
I am having trouble explaining where that money comes from. "How do we...
Jie Zhao
Seller filed bankruptcy 17days before closing
I am the buyer. Under Contract on 03/10/2018. Closing date is 04/17/2018. Normal sell. Seller was pre foreclosure starting November 2017. Seller Has equity in the house. Not a short sell. Yesterday my lender needs to ...
Daniel Etheridge
investor backed out
I have a condo project under contract. One of the investors backed out for personal issues.Land cost 5.4million. Bid on construstion , both hard and soft cost is 18 million. the NOI is estimated to be 10.2-10.8 millio...
Bruce Weyer
BRRRR and Mortgage insurance
If I am paying cash for a house, then doing a refi to pull out 70% of money out. Will I have to pay Mortgage insurance on the new loan? Does the 30% left count as money down so that I do not have to pay Mortgage insur...
Sam Spade
How to buy my first investment property
Greeting all We live in New York and would like to buy an investment property in Florida close to Orlando as it Airbnb. I currently own a property with a mortgage that has an interest rate of 4%. I like the loan and d...
James Zhang
Should I pull the trigger on this deal.
All,I came across an opportunity that has the following numbers. I am trying to figure out if I should pull the trigger.Neighborhood: C+/CAsking Price: $40,000Monthly Rent: $800Last year's taxes was $851Annual NOI: $...
Jaki Ollango
To refinance and rent or to sell as is
I got my 1st property from a wholesaler. We did foundation repairs and some cosmetic upgrades but unfortunately we have not been able to sell as twice the buyers have said their inspectors noted issues. We have pulled...