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We just purchased our first investment rental out of state in Texas. We have an LLC in Wyoming, which owns the LLC in Texas that owns the rental property. We have banking set up for the Wyoming LLC, but have been tur...
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I recently got pre-approved for a mortgage, but now as I had an offer accepted, I am having issues getting final approval. My current gross income is $5,120/mon but part of it is from my GI Bill which traditional bank...
Hi there!
I have some money together and soon it will all be around 20k. I was wondering if there are any experienced investors that got started with the same. I would appreciate any insight or advice to help me get...
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Investment Info:
Condo buy & hold investment.
Purchase price: $620,000
Cash invested: $155,000
My brother and I purchased a 2 bedroom 2 bathroom condo in Hoboken, New Jersey.
What made y...
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Hi folks,I am looking to purchase a multifamily property. Does anyone know if a bank (or other lender) would finance the purchase of an investment property where the down payment was non-cash consideration, such as an...
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Hi everyone, just curious about something here. I have heard others discuss how to acquire RE investments using as little money down as possible. It seems to me that the key to being a good RE investor who can grow th...
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Hi,I am wondering if there's other financing options to close wholesaler's deal besides cash? Will bank finance this type of property? I know this particular deal has discount based of the ARV that I calculated. What'...
HelloI have a land contract that I’m currently paying on but would like to convert to a longer term (15 yr?) since it’s a 3 year balloon. Current interest rate is 8%. Can I do better? Any idea what kind of interest ra...
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Have or do people use private money to do cash out refinances on investment properties? I’m looking at cash purchase of a Small duplex, with initial plan to cash out refi after the mandatory 6 month seasoning period. ...
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HI BP - I own some property in upstate New York and just finished renovating and tenanting my newest acquisition, a 4 family in Oneonta NY. A lot of the traditional banks I use will not lend in this submarket. My go...