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Found an opportunity for a tri-plex property offering owner financing, 12% down, 0% interest at a reasonable asking price and good rents. Sounds great! Then she tells me she's got a reverse mortgage on the property....
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(This may be the more appropriate forum to get more input)In my current occupation, I'm used to digging for and collecting as much data as possible before making an investment decision. Of course, you can never wait u...
I've got a chance to pick up one in Flint in 48504.
Rehab started with new subflooring and drywall hung.
Would sell it for $4k.
My question, is Flint worth taking this risk?
While not a huge number, it may be a t...
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Hey everyone,So i'm looking to close on my first rental property. I am looking to get funding from a private lender that does balloon financing, interest only payments at 6% for 5 years. I'm asking for a loan of $70,0...
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Hi all - I'm just getting started in real estate investing. I have not yet attempted to buy my first property. I understand mortgage basics, but the most real-world experience I have with loaned resources is my car...
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Hey there! I have a chance to buy a significant amount of property in Alaska (fishing lodge) that goes hand in hand with my fishing guide business. The numbers work really well; however, this is my first "big" swing...
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Hello!
My wife and I are just working on building up some equity. We have a little bit of a suicide-run plan to try to buy a multi-family, and looking for a reality-check if we're going to hard, or perhaps into somet...
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Hey everyone,
I am completely new to real estate, but I have been reading about it for a few weeks and working a little with my brother, who is also completely new to real estate and is looking to buy a multi-family...
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Greetings all.We about to close (currently in the due diligence) deal of 20 SFR at the Metro Atlanta.We have a bank loan for this deal of 70% LTV.Here is our #'s , What do you think? have we missed something?Property ...
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Hey biggerpockets gang! So here is my story. My parents have a neighbor that he is planning to sell the property that he own free and clear. Property is 2100sqft and needs a ton of rehab since everything inside is in ...