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Using Hard Money... When can I refinance?For example:I buy a home for 100,000 cash using hard money. I do a light rehab using my own money. I find a tenant and have the home reappraised. How long can I expect to be pa...
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Recently I'm starting to look at East Orange, Irvington and Elizabeth for investment opportunities, just wonder how's people's general impression on the safety of these towns (compared to Newark, for example)?When I c...
Hi,It seems that most people use "hard money lenders" or "cash" to acquire BRRRR properties.Is there a problem with using a traditional interest-only mortgage? The mortgage calculator I have uses regular mortgage by d...
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Hello BPersI’ve been looking for a mentor for a while and finally found a multimillion dollar investor here in the DFW metroplex(4000 doors)and he offered me a full time job as construction manger for $12/hour as a st...
Hi all,I'm looking to register an official entity to do business through. Should I do an LLC through Legal Zoom? How much should I spend on this?I spoke with a local investor who has given me some advice and he has to...
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Hello all. I just took the plunge and went pro, I'm ready to start learning and earning. I have my real estate license, but I have not done any kind of deals yet and I need to gain some experience. My goal is to do...
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Now I know there are many factors such as location and stuff like that but let's consider the external factors to not affect this. Also I do realize that everyone is different, but from your experience, would you say,...
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Hoping someone can help us with a potential opportunity that came our way. We have been under contract for a property and going back and forth with the seller on some terms and financing. Just yesterday he proposed po...
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In the market for another STR and wondering if anyone has a spreadsheet that calculates STR deals? Or, how do you decide whether or not to purchase a STR?
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Would be any issues if the bank see the house is being offer as a short term rental? I'm ready to sign a regular annual lease and Tenant will used the house as a short term rental with my permission. But I don't ha...