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I am completely new to REI "NEWBIE" ALL THE WAY, so I have my concerns with a lending opportunity. I asked the developer how is he going to secure the loan so that I am guaranteed the return of my principle? I was tol...
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Hello, I am trying to vet general contractors. What is the legal maximum allowed amount for a down payment (%) on rehab projects? How do I avoid a mechanics lien on a future property? How do I make sure the subs are p...
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I went by to look at another absentee owner lead. I passed on it the minute I saw the house was located in a very poor, rundown neighborhood. My agent said that particular area has gotten a lot of cash sales. That was...
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I'm viewing a 3BR property tomorrow (dirt cheap at $65k) which is being sold as just the house- the land will be leased. The land lease is set at $500 a month for the next 5 years and there is a 10% cap on any increas...
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I understand there are contingencies in a contract regarding the inspection period that give the buyer the option to opt out if there is something unexpected that comes up in the inspection. Also the contract gives yo...