Sam Tang
Exit Strategies for conventional ARM mortgages
I'm looking around for a portfolio lender that will finance me for a non-warrantable condo and finally found one. The condo is in the $175-200k range. They offer a 10/1 ARM with a 30 year loan term at 4.25% with 25% d...
Account Closed
Foreclosures Jump In Austin, Miami, San Diego, And Seattle . . .
Foreclosures Jump In Austin, Miami, San Diego, And Seattle . . . Say What????According to ATTOM Data Solutions report, the hardest hit areas in January include Orlando, Florida (up 72% y/y); Austin, Texas (up 60% y/y...
Sheila Campbell
Determining ARV New Wholesaler
Ok, so I'm about to start wholesaling foreclosures in my area (seen a few, actually in decent shape, require minimal repairs for area). How would I determine ARV? I keep reading about 70% but I'm not sure I understand...
Matt Larson
Retroactive Depreciation question
I have been renting out 60 percent of my house for the last 5 years. I used 60 percent for all depreciation regarding taxes. I moved to a new state and I now rent out 100 percent of my house. I'm wondering how to ca...
Eric La Pratt
Self-Management: Auto-closing Exterior Door Hardware?
I am looking to add several smart home features to my properties to allow me to more effortless manage my small multi-families from afar. One of those features is programmable door locks. While I already use these and...
Jose Sarabia
Tri-plex problems, flip?
im so stressed out right now, i have a tri-plex , basement,main, top, my main is all gutted out, and my plan was to redo everything, and rewire will cost me 5500.00 just for the main floor, but im having second though...
Michael L.
Square feet dilimma part 2??
I want to convert measurements of a lot size given in a deed into square feet. I will leave the measurements below for anyone knowledgeable enough to assist. If you could inbox me a mini sketch of what it should look ...
Zoe Lee
Contract with water damage co still valid after denied coverage?
We had sewer water backed up into a multiplex a couple of weeks ago. Our PM sent a water damage company onsite to extract the standing water on emergency.Later the company called and asked me to sign a contract so the...
Brannon Hamby
Sold a property, 1031 or pay the tax and shop more given mkt soft
Just sold an out of state property and shopping now to move those funds ($210K) locally (coastal South East market). I had planned to do 1031 but looking at average to below average deals. With the market trending...
Steve C.
Home Equity Loan Advice
Hi, I currently have rental property with mortgage 6.125% rate. I am considering to refinance it with home equity loan since I only have 3.5% rate on it. I assumed that it will give me good rate hopefully 4.5%. Will t...