Ronnie Gilmer
First future rental property question/help
There is a foreclosure on a condo in my area that is in pretty good shape for ($60k). The condo fee is $230 and the taxes are $1300/yr. The comps are renting for $1325 to $1500. I'm new to this and I am SUPER nervous....
Eric G.
Best way to pay a vendor from a distance?
Because I'm not local, I have been mailing checks to vendors & workers upon completion of jobs. However, many of them prefer to receive payment immediately upon completion and the mail takes a few days to arrive.(...
Rhondalette W.
$6,500 in closing costs?
this is my first investment purchase and I am wondering if the fees and interest rate sound reasonable? Or should I find another lender? I also heard that if you have too many inquiries into your credit, it negatively...
Brian Varmuza
Approved Short Sale Higher Then Owed
There is a house scheduled for a foreclosure auction in Florida. The total foreclosure amount was 205k (including principal, interest and escrow). This is the 1st closing and there is no additional liens. The house wa...
Joe Meares
BRRRR refinancing question...2 at the same time?
Hi guys! Question about BRRRR, specifically refinancing. I'm coming up on my first cash out refinance attempt in April, but I have another house that will be ready for refi in June. Do any of you have experience doing...
Account Closed
Question about how depreciation is calculated
Hello,I have a simple beginner question about depreciating a building. If I purchase a property for $335k, and according to the county website the value of the property is $290,900 with the building having a value of ...
Steve G.
Who pays closing costs?
Hi guys,We have a seller who's interested in putting their property under contract with us. They have an issue with paying costs at closing, however.Our contract states that they pay the costs of preparation and trans...
Account Closed
Short sale exit strategies
Question... how feasible is it to have retail as my main exit strategy (as in 95+%) of the time? I would have to connect with a killer agent and have some good marketing to facilitate this. I would also have to obta...
Sam Nadar
Hard Money Lending - 3 questions you must...
In your experience, what are 3 "MUST ask questions" when interviewing a Hard Money Lender to fund your project???Go..
Keith N.
Which qualified intermediary to use for 1031 exchange?
I’m going to list one of my rentals for sale in about a month when the tenant moves out.I will probably net about 60K from the sale (after all transaction fees). My goal is to use about half of this net profit (30K) a...