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Went under contract on Sunday on a 2 bed/1 bath in Derby, CT.The numbers are as follows:ARV $84,000Rehab $10,000 (mainly cosmetic touches in kitchen/bath/paint/flooring)Price $48,000 (includes $3k assignment fee)Avera...
Hello all, my name is Jerrud I am 35yrs old and I currently work full-time for a large Pharmaceutical company as an Associate in Third Party Manufacturing Quality in Saint Joseph Missouri population of 80,000 people....
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Hello fellow BP members, my wife and I just acquired our first multi-family home in the beautiful city of Greenville, SC. It's a single family home that has been converted to a duplex. However, the previous owners did...
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Hi everyone, Thank you for taking the time to read about my situation and give me advice. My goal is to bring in 16k per month with my buy-and-hold properties. I plan on living on 25% of that and using the additional ...
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hello, really my first beefy post... signed up a while ago and ready to commit!my wife and i are 42 years old, dual income, no kids (working on that)... we bring home 15k/month after taxes. we save at least 2k a month...
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Hi Bigger Pocket community! I am considering moving to New Jersey from Arizona, I am wondering what areas of NJ are best for small multifamily investing?
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Hello all! So recently i have decided to start my investment property business. I wanted to start with the fix/flip and in the future start with renting too. The problem is i am having trouble finding funding via bank...
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Aloha Bigger Pockets forum members! I am an active duty Soldier about to be stationed at Ft Carson in appx 4 months and want to make the most informed investment decision I possibly can, which is why I am here to ask...
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Ok, So I have been speaking with Private Money Exchange about pulling money out of one of my properties.
Here are the numbers
Loan amount $23,000
Closing Costs $6000 - Taken out at closing
Cash in my hand at Closing...
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What to private mortgage lenders generally require as far as LTV? Like if I am looking at a house that has a ARV of 100K what could I expect to get out of a HML and does that include rehab costs?
Is there a good stra...