Was wondering if anyone could provide a brief summary of what all is involved when lending to a rehabber. I found one that I am interested in lending money to for his projects but do not know what all is entailed as ...
We recently purchased 2 properties right next door to each other with the plans of working on one at a time..2 weeks into the rehab on the first property Codes/Compliance shows up and says that the properties are on t...
Good afternoon, I applied for loans at a lending institution about 1 year ago. They were unable to sell the loans due to an underwriter overlooking certain aspects of the loan. That underwriter was fired after they pr...
I the late summer of 2019, I opened up my home to 2 young men who had nowhere to go and had recently been forcibly removed at their previous place of residence. When they came to my door uninvited begging and crying f...
Hey Everyone, I have pre-approval letters on a duplex and a triplex, and on the triplex, the owner pays all the utilities. The triplex is listed for $95,000 and brings in $2500/,month in rent, while the duplex is list...
Does stashing away for vacancy really mean anything? The idea behind stashing for maintenance and Cap-Ex make sense, but for vacancy, say you start out with a new rental, and you put away 3-5% for vacancy per month. L...
How do I structure the offer asking seller to finance the down payment? I qualified for a mortgage (excellent credit; solid W2 income), but don't want to use my own money for down on 2nd home. Seller has $175K mortg...
I'm currently looking to get MLS access so that I can use that as another source for leads. What is the best way to: 1. Find and contact a realtor; 2. Establish some credibility and trust; 3. Convince them that we can...
BP,This past Friday I closed on my 3rd deal since starting to invest in Sept of 2015. My first property was a SFH followed by a Triplex in Thorton Park Orlando. I recently took a break from the 9 to 5 sales role that ...
The rules of investment of changed. The US dollar is at risk and the element of cash reserves essentially losing value should be beginning to factor into long term investment strategies. News and political affiliation...