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Hi, I want to run some numbers by you, and see if my purchase would make sense. I live in NYC so I`m trying to be creative with my approach. I will be managing this property on my own, and do fixes on my own. Here you...
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This post relates primarily to California:
Hard money loans are often made at rates that exceed usury interest limitations. On hard money loans, California trust deeds can be exempt from usury interest limitations u...
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I don't know if I'm asking for advice or just seeing if anyone is in a similar situation. The good news is this is a first world problem. The bad news is I live this first world life so even though it's not like I'm g...
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Anatomy of a Stockton Rehab - Lessons LearnedRehabbing a a topic that I have experience with. Too much experience really. I thought I'd put some photos together to lure readers and then work some Yoda like rehab-wisdo...
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A fellow investor recently said to me, "I want a 60 year old renter because they're stuck in their ways and I want them to be stuck in my home." If this is the target renter, you'd have to have single-story homes with...
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A mature couple of Indian extraction have applied for one of my units. I am working on the application at present and have not finished processing it. They are first generation immigrants from India and it is clear th...
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Seller has offered to finance his 600k property with the following terms:
10% down payment and 6 percent interest rate. The goal is to wait for rates to go down and me refinance in 3 years for a better rate. The goal...
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Hello! We invest in single-family homes in Southwest Washington (State), and the SFH I'm writing about is located in Vancouver, Washington.We have a tenant (a mother and two high school age children) that have been e...
Example: 400,000 purchase price 80% ltv 1st mtg.= $320,00015% ltv 2nd mtg.= $60,0005% down payment= $20,000Avoids Monthly PMI payment Very strong financing program for multiple reasons
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Just curious to see if anyone else is investing in this area. Kind of a small place but with dirt cheap housing. If anyone works in this area there might be opportunity for collaboration or at least war-story excha...