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So from what I understand so far, the three things I need to bring to the bank are the deal, the debt, and the equity. I have the deal: It's a 4 bedroom, 3 bathroom single family home in Columbia, SC currently for sal...
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Curious on people thoughts of jumping fully in after obtaining your RE license, or keep your current job and work as a part time agent until your commission earnings make sense to jump in full time? I'm currently in a...
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I just got my very first application! This lady meets our minimum qualifying standards, including income and credit score. But when I'm looking at her notes it lists bankruptcy. I'm so confused! Can you have good cred...
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So the plan is to Buy a property with up to 4 units with an FHA loan, while also acting as my own agent. The question is since FHA requires little money down, does it make sense to find one of the most expensive prope...
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Hello all,This is a topic that has been covered multiple times but I needed opinions on my personal situation.I am currently debating whether I should leave my current corporate America job to work for a real estate i...
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Hey all! Just sharing my story with the hope that it will light a fire under some of you, or keep the one you've already got burning hot. Here we go: It all started with a small loan of a million dollars from my dad.....
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Here is the slim & Quick - -I am teacher, base salary 60K, (i referee multiple sports for extra cash)-Feb 22 of last year I bought a duplex - my first property - 165k, 2 2bdr apts. -My split is 700 a month roughly...
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im new and learning the ropes. i see a lot of people rehabbing and prefer it. are they getting hit with capital gains taxes or is there a way to lesson the impact of them? in a 15% bracket do you just get use to ex: 2...
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I will be doing residential rehab/resells. I now have an equity partner. He puts up the capital, I do all the work, we split the profits 50/50.
I operate through my single owner S-Corp. My equity partner will operate...
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Long time reader, first post. I recently graduated with an enormous amount of debt (>150,000). This is causing my debt/income ratio to be too great for many traditional lenders. I currently generate $3,200/month wi...