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Hello I have quick question for anyone who could point me in the right direction. I recently bought a property under my LLC to rehab and flip but I’m actually going to keep this to live in. I was thinking about refina...
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All of the properties that I have purchased were in need of repair and I negotiated as seller repair credit which is always an issue on the day before closing. Is there a limit on how much the seller credit can be? A...
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Can someone explain a cash out refi? I know what a refinance is roughly but for the life of me am having a hard time wrapping my head around the “cash out concept of this”. Do you have an example of how you used this ...
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If you could buy two separate but adjacent 4plexes or 1 8-unit, which would you do? Assuming they are both in good areas. I am just wondering how the financing affects cashflow (talking about a conventional resident...
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We created a LLC to buy and hold rental properties. Because it is difficult for the new LLC to get bank loan, we applied a Home Equity Line of Credit (HELOC) under our own name. Our LLC has pur...
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I purchased a rental 4 years ago for $40k (no mortgage) and it's been rented for the first 3 yrs then last year I decided to fix and sell. Spent $100k (no loan) on repairs and upgrades and I have an agreement of sale...
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Hello everyone, As the market is up in the air, I feel like a lot of investors I work with are more skeptical about deals. I have heard land development might be the next best option and wanted to jump in here to see ...
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Hello, all. First post here after lurking for quite a bit.I own a home in east Austin, TX that has appreciated greatly. I would like to build a storage container home at the back of my land and rent out the older home...
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New guy and still trying to find my way. Does the current market in Phoenix still support flipping?Which indicators do you use to determine when the market does not support it?Thanks!
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Lessons I learned the hard way so you don't have to.
Leverage Seller Motivation for Better Financing Terms:
One of the crucial lessons I learned during this purchase was the importance of recognizing seller motiva...