Hoping I can get a clear answer on this. Thanks in advance.I am trying to get a 25% conventional mortgage on a duplex that costs $80K. The bank is telling me the down payment can’t be gifted. I have a substantial amou...
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Ok, I'm really looking for advice and curious to see what others would do in my situation. I currently own my primary residence and have about 60k in equity. Another 74k in index funds and 10k cash. I've been trying t...
I'm trying to place an all-cash offer which requires a proof of funds letter. My offer is less than the list price. My bank balance is greater than the list price. My proof of funds letter will also confirm that I'm...
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My question to you... when does it make sense to become a private lender?I have a client dying to get into RE but has no funds other than his HELOC with about $100K available rn. The interest on barrowed money is some...
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Hey local Portland investors I have a question. I just closed today on a rehab project that I was intending to fix up and flip. I paid 150,000 for it and think that my $40,000 budget Will be sufficient to get it looki...
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My husband and I buy, rehab and sell homes; however, we have a property under contract that has so much upside we should be able to easily wholesale it for a nice profit and still leave plenty of meat in it for the bu...
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Hey friends! I'm a new investor (very green), and I'm thinking about putting an offer on the following property. It seems quite "safe", albeit with minimal value add. 1) Any advice how to determine the value of your f...
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So I am working a deal where the lender didn't give sufficient notice at auction at the beginning of the month this month. The buyer at the auction signed a Termination and Reconveyance Agreement when we threatened a...
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Hi friends,I have an offer for the list price. But can close only in June 2016. Since the buyer paid a deposit for six months. He will loose $6000. Can I take this offer?
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Can I borrow hard money for down payment of an investment duplex? Due to my financial condition, I need to put 30% down for this duplex and I don't have enough. My friends (relatives) can lend me money (as "gift") but...