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Hello,I'm starting off in real estate investing - soon to make my first purchase. I want to own many properties, but at what point will banks stop giving me loans? How do I avoid this?I was speaking with an investor a...
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For house hacking on multifamily, can a family member occupy the property as a proxy (children of owner)How do the law ensure owner occupancy?I am new to REI so weighing in various options and thus stupid questions
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When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...
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So I should be closing on my first flip next week. I am going to do my best to give back to this community by blogging as much as I can in this topic concerning my first flip... This will also be an easy way for me ...
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Just placed my first offer today. It's a triplex in a short-sale. The asking price is 15% less than the assessed value and I offered 5% less than that, so it is like the bank won't go for it, but we'll see. My agent...
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Hi All,I've been looking to make my first purchase for a few months now. I finally found a seller who is willing to give me an excellent deal on an off-market condo. I would be purchasing this condo for about 65K, w...
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I just bought my first property in the Bronx, north of Foxhurst. It's an 8 bedroom duplex, and I got it through a VA loan for $550,000. It took months of looking, a bunch of rejected offers, but I finally did it! Than...
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I've been in touch with a lender for a DSCR cash out throughout the rehab process on a purchase through an LLC.We are now ready to move forward, but the terms have now changed.Before proceeding, I wanted to check in o...
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I am a 30 year old Marine Corps. (9years) Veteran, I was quite embarrassed to start going to school a couple semesters ago, but after reading a couple books (of-course Mr. Turners, as well as Rich Dad:Poor Dad) I lit...
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Hi,I am prequalified for a bank loan and will be closing on my property I have under contract.This is my first bank loan. When do I need to wire my down payment to the title company? Can I do it the day before closing...