How hard is it going to be to get back 3% commission that my Realtor/acquaintance kept?How did she do that? , you may ask. Well, let me tell you what happened.My partner & I signed a listing agreement with this re...
When rehabbing a property we occasionally pay using company's check. In a recent instance we needed some work done and we chose a single entity who can perform this work. He required us to pay some deposit for wor...
I'm trying to fully understand the value of brrrr while still being a newbie, what is the value or point of the refi part? How do you receive your money back in order to reinvest?
Need help understanding ROI in a BRRRRSo say ... Purchase price $50k, down payment $10k, rehab $30k, ARV $100k, refinance $70k, therefore $10k is left in the deal. Is ROI based off the $40k (money used) or the $10k (m...
I love the idea of real estate investing and have been learning so much recently. However i will admit that the "all the what could go wrongs" has me froozen in my tracks. If i were to buy a house in my market, which ...
Hello everyone, I am looking into buying a 6 plex and have a question based on reading other threads on this forum. From what I have read a commercial lender is going to want rent logs to analyze this deal. The seller...
Hello!What are the key factors to consider when deciding on the most suitable loan type to cash-out refinance a newly completed house? Would a DSCR Loan, Conventional Loan, or Bank Statement Loan be the best choice to...
Hey BP,
Here is my situation, I own a F/C property - value 55-605
I just found a local bank that will give me a HELOC at 4.5% for 10 years at 70% LTV. Another option is to get a portfolio loan with them at 6% for ...
Hi,I'm looking to purchase a vacation rental with a friend in Gatlinburg/Pigeon Forge area. I have a couple questions:1) What would be a fair way to split the deal with my friend. I would be the one doing the work (fi...
Dear All, was wondering if you got any good recommendations for a good QUIET TITLE SERVICE (attorney) for Michigan, specifically Detroit area. We can provide 1 home or more, depending what prices discounts are. We loo...