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I recently purchased a SFH about 4 mo ago. I’m almost finished with rehab and plan to rent out. I want to pull out my cash invested in a mortgage. I’m in for $140k cash, no current loan, Home is worth $225k easy. Wher...
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Has anyone been a private lender or know if the interest rate is capped on private loans? Thanks
I am considering lending my money out to REIs. What I am trying to figure out are the ROI on this and the mechanics/logistics.I set up an excel spreadhseet to try to do this. The assumptions are:1) It is an amortize...
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I’m in contract on a small deal for 500k. A long time friend of mine expressed interest in being a cash partner, simply looking for a better return than his savings account. This would be through monthly cash flow or ...
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What’s ideal for first time Home buyers, work straight with a conventional bank or a Mortgage broker?
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It seems to me that if you find the right combination of rental income (1%+ monthly) / cash paid, it's very hard not to make money.
Example: an $80,000 property, 25% down at 4.5%, and rented at $900/month.
You inve...
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I have a STR condo doing well, The unit below me has been for sale for about six months overpriced and then the owner decided to take it off the market. He wanted to sell his property because his family only use the p...
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Hey everyone,Looking to get a townhouse or a condo to invest (flipping, not rent out). I'm not very familiar with FHA (still new to this actually as an agent).I know FHA is very picky when it comes to Condos and they ...
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I'm creating an LLC to be my management/operating company. My holding company for my long term rentals will be a Texas series LLC. I am wondering if my operating company should be a series also.
I plan on keeping my...
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Hey all we are closing on our first deal and I was wondering how to set up the accounting to benefit me the most.....
Some info I think may help...
We are buying out of state, so we are using a property management c...