I am looking at some inexpensive condos in a lower-income area offered for $54,500. With lending being what it is these days, I am thinking of going in with a $20k down payment for a $34,500 mortgage. My spreadsheet...
Can someone explain how you go from a hard money loan to a conventional? I found 2 shells next door to each other that need complete rehab for $30k and 70-80k in repair. This property will be considered commercial ...
Hi BiggerPockets. I'm looking for some advice regarding the transfer of property from my in-laws to their 3 adult daughters. I will, of course, seek advice from a legal/tax professional, but recall from time that I pr...
My husband has 10 financed mortgages with 10 fannie mae loans. If I am put on title will those 10 mortgages count toward my 10 mortgage limit? Does the debt/income from those properties affect my DTI?
Hello All,
I've been on this forum (on and off) for years and never quite made anything work in Real Estate as I didn't have the income or credit to invest. I sold my property a couple of years ago and moved from IL....
I am new to investing, researching various area across the US to invest in. Mostly interested in buying cheap, renovating and retaining. I currenlty live in Chicago...taxes are extremely high here.
Anyone have any...
Hi all, I am new to commercial. I interviewed one agent. He told me that in order for him to look for properties for me, I have to sign a contract with him so that he will be my sole agent. On top of that, he ch...
Backstory : we entered into a deal that guaranteed us payout over a year ago. We've tried to be patient because the guy we're doing the deal with ran into a bunch of permitting issues. But it's been 2 months since he'...