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...
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...
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...
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: $...
Amber Landry
Commercial Permit & Inspections
Hi guys... we purchased a commercial building and already moved a few walls and added a few electrical outlets... my question is NOW after we realized that we need the Certificate of Occupancy what is the best route t...
Nikki Jacob
Utah Agents?
After much deliberation I have decided to wait to get my real estate licence, although I will eventually do so. So I need to find a good real estate agent in Northern Utah, (Weber and Davis counties preferably) tha...
Kyle Meyers
Appraisal Fee Deduction
I am getting a cash out refinance mortgage on one of my rentals and will be using the cash to rehab another property to rent out. As I understand it, the appraisal fee and some other closing costs are not immediately ...