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This upcoming change from FNMA will restrict lenders to a maximum of 7% of their loans as investment properties and second home transactions. The easiest way for a lender to restrict transactions is to increase their...
Hello all!
After reading about benefits of being a landlord, I have finally entered into sales contract of my first investment (kind of, will explain) condo!
Sales price is $280k and with $500 HOA and $600 tax month...
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Was thinking of offering an apartment to handyman type and offer him discount in exchange for being an on-site super for handling any "handyman" type of jobs (i.e. painting, install carpet). What sort of % discount...
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Currently getting a second conventional loan on a 2 family investment property (25% down). So basically I went through a local mortgage brokerage firm and the loan officer all along told me I was paying 1% in point fo...
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I have been watching a lot of the Re-Performing 2nds PPR offers up each week and noticed that the interest rate on many of them is only 5%. I guess I am a little confused why so low when I myself (with excellent cred...
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I have my eye on a great deal, but the seller isn't willing to wait for conventional lending. This duplex is currently being rented out, so I'd imagine that it would qualify for conventional lending in as-is condition...
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Hi guys,
I have a few properties that are cashed out. Yay me! I also know a lot of people who have foreclosed on their previous homes due to the real estate crash and job circumstance but have also gotten back on t...
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Ohio I've noticed has some high cap rates for multi-family properties. Can some of these properties be acquired for 80% market value and what does this entail? Is it a situation where a cosmetic rehab is necessary f...
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Good Evening,
As someone, who is new to the wholesale aspect of real estate in Canada, I would like to ask those, who already have experience in the wholesaling sector.
When estimating repairs, are the costs increas...
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im trying to develop a system where i am buying a property with cash, rehabbing, and then creating a first lien note at 70-75% and then having an investor poised to purchase a partial at closingwhat can i do to find a...