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Early this month I sent out my first set of 250 letter and was contacted by a gentlemen and was able to put my first property under contract. this motivated seller was a guy who inherited a property from his mother...
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I have a vague understanding of the concept of wholesaling properties - i.e. the wholesaler finds a distressed property and/or motivated seller, puts it under contract with the right to assign, and then finds a buyer ...
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Hi all. Im curious to know, when your contractors' give you a 10k estimate (for example) to rehab the kitchen in your house, what exactly does that include? How does he/she know the materials you want in the kitchen. ...
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I just got a deal for 3 beds 2 bath rental property for $247,500. The estimate rental is about $1,550-1,700.My interest rate is 6.375%. My lender want me to buy down 1% with $1,800 Which make my interest 5.375%.I aske...
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Hopefully not a stupid question. How is everyone getting there mortgages for rentals? What are they using to qualify you? Good credit obviously.
I guess why I'm asking, I just purchased my first home. I plan on livi...
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Is anyone changing strategy in Houston? Still buying? Waiting until unemployment peaks, then starts improving, to get the biggest gains..? - The unemployment rate is shooting up in Houston. Looks similar to the last 3...
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Hi, I would like to know if I see a good deal,
- Should I put a 10% downpayment first before asking my bank for a loan? [b]
OR[/b]
- Should I ask my bank for the loan first and if the bank agreed to loan; I put my ...
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Hi BP! Quick and easy question for all the new or soon to be new landlords out there. What's your biggest fear of becoming a landlord?I am here in Chicago and have had pretty good luck so far with decent tenants, ho...
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So I finally started my real estate journey back mid-summer....I found a local property on Auction.com and drove by to check it out - decent neighborhood, vacant, and didn't appear to be in too bad of shape. So I wen...
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Hi BP!Happy New Year!I'm an investor from San Francisco with a portfolio of investment properties in Indianapolis. Over the holidays I had some Family members express interest in the business and I'm now in the proce...