Min Liang
Primary residence mortgage for retirement
Hello all,I spoke with a mortgage broker today in regard to purchasing a home in FL for my retirement in approximately 9 months. He had told me that I’m not qualify for primary residence due to me not living within th...
Daria B.
1st Multi-Family (duplex) deal
Hi all,Thanks in advance for reading my post.I found a duplex built in 2008 that is 2348 sq ft total that I'd like to add to my buy-hold portfolio. It's a foreclosure so the bank now has it up for sale. I've only seen...
Jay Patel
Can I do better? (Cash Out Refinance)
Hey guys, So I am trying to cash out, refinance one of my rental properties. A little history: I purchased this property back in Feb 2016 for $50,000 with $800 closing costs (All in: $50,800). I have 100% equity in th...
Joe Conklin
Seller Financing - Real World Deal
So I am working with an investor who is looking to owner finance a rental. This is my first time using this approach and have some questions. I want to ensure that I am understanding the deal correctly.Purchase Pric...
Sam Levitz
Interesting.....Owner finance or Lease Option??
I would really appreciate some expert insight on how to structure this new offer on my townhouse....
They buyers really want to buy it. I told them the price of $377k. I owe $376k. It is worth about $250k with al...
Nickea Bennett
Analysis Paralysis to Getting my Feet wet
Hi everyone,Getting started is really overwhelming. I am trying to move out of the analysis paralysis phase and want to get my feet wet and take that leap. I am currently looking at two possibilities one a foreclosed ...
Account Closed
Is this a good deal or am I ludicrous & unrealistic for the idea?
Hey everyone, this is a long description so please bear with me, but I’m reaching out because I want to know if you think I’m being unreasonable, and if this is a deal you would consider as an owner.Description of my ...
Paul Cijunelis
GRM for multi-unit
I know the 2% rule slides depending on the cost of the building...I'm looking at a 4 unit bldg now and trying to figure out a good way to evaluate these properties never having done a multi unit.
the GRM is an 8 and ...
Art Maydan
How To Advertise Month to Month Lease
So I'm convinced that MTM leases are superior for the landlord, but how do you go about advertising these? People still seem to be most comfortable with 1-year leases. Would you say, "Month to Month with possibility o...
Brian Knox
Am I overlooking something?
For a cross-country move, we desperately need to sell our residence within 2 months.
Paid $139k in 2007.
Have a $15k rehab loan that let us put on steel siding and new windows.
Have $99k left on mortgage.
Market has...