Misael Carlos Vera
How much closing costs do you pay when you buy with cash.
Hey everyone,Just as the title says, how much are closing costs when you buy with cash?I've been looking at different forms of financing and I heard of fund and grow from a local Chambersburg Investor. Essentially, fu...
Kayla Ross
Looking for short term/high interest hard money terms for $6,000
A rental house in Toledo had a fire and the city is escrowing $11,000 to be released to me upon demolition
I can get the permits and demo done for $6,000
I've already signed my demo contract with the licensed demoli...
Darcy Dawe
First Rental Property / growing portfolio
Hi all, I am currently in the process of closing on my first rental property. What are some things I should consider with this deal that will help me scale my portfolio in the next few years? Is there anything I shoul...
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LLC and getting a loan
I am thinking of getting into rentals, and would like to form an LLC to purchase my properties.
QUESTION: Can a newly formed LLC even get a loan from a lender to purchase a property, given that it has no credit histo...
Christian Carson
Should I stop screening tenants' credit?
I have several open units in lower-income areas. There is a good deal of interest in these units. I've passed out several applications and even collected application fees, but it seems that the email exchange proce...
Mohammad Sheatt
Tenant question
Hello
I have a newly rehabbed $995/mo 3bd 1.5 property ready for rent. A gentleman that just recently moved to town from D/C applied. He is here to start a new business and currently works at a restaurant making $45k...
Shafi Noss
Using a HELOC to Eliminate Credit Card Debt
Hi everyone, I am studying for my license, and having trouble with one of the scenarios. It looks like this: __Julie wants to pay off her $5,000 credit card balance now, before she closes on her new home. She takes s...
Daren Judd
What are typical HML standards?
Looking to do my first deal this year.One of the HML lenders I've talked to said these are their requirements for a newbie:650 credit score$10,000 in my personal bank account14% interest onlyIs this pretty standard ac...
Bevin Morgan
Online Rental Application
Is there any reason NOT to try to complete all rental applications and subsequent verifications online? I’m thinking either through specialized software or just Google forms and PayPal.
Erez Shocher
Cashing out as a foreign investor?
Hi all,
I’m a foreign investor, bought 7 buy/hold rentals in Buffalo in cash, each for around 50k. They were bought in the last 3 years and generating ~16% annual ROI.
I want to BRRRR them, but to my knowledge, US b...