Jessico Bowman
Mount Dora Partial Live-in Cash Flow Positive BRRR & Flip
Investment Info:
Single-family residence other investment.
Purchase price: $74,900
Cash invested: $10,000
Sale price: $185,000
Bought, live-in renovated, refinanced to buy another property, moved...
David Michael
Pursing a home after the bank has taken position at Auctio
I was at the sherrif auction last week and a house I was interested in went to the bank. Usually I contact the attorney handing the case. I was interested to see if anyone in Bergen County has an experiance with a str...
Scott Reynolds
Ways to figure out HELOC amount on a first position lien
Thinking about bidding on a house (for a personal residence), which is somewhat complicated with four liens against it. The foreclosure auction is actually for the second position lien, which was a private business lo...
Scott Pigman
Does John T Reed's formula for positive cash flow make sense?
A week or two ago there was a discussion regarding the 50% rule based on this "positive cash flow" article by John T Reed (actually Reed uses 45%, but that's neither here nor there for my question).In the article Reed...
Account Closed
Find balance on a senior position, open ended line of credit?
I am looking at a house where the mortgage is in default and the sheriff sale is coming up. After the sale there will still be an open ended line of credit from the previous owner. The LOC is $25k and was originated...
Mike Sanford
Low Income- 200-300K Cash, How do I maximize my position
For the last four years, my wife and I have had slow, live in flips as our primary source of income, holding for long enough to avoid capital gains tax. I have 18 years construction experience and do most of the work ...
Daniel Grunewald
I need a recommendation for a first position HELOC Chattanooga TN
I have a house picked out off MLS. Between 50k and 60 purchase price. So lender options limited. It is an investment home. Prefer 20% down if possible. Looking for a recommendation for someone local, preferably ...
Antonio Montgomery
Can selling a SFH Upsetting the market in a positive manner?
I have a SFH, in a subdivision of Fayetteville,NC.. 4 days ago a property 3BD/2BA 2107 sqft came on the market for $215k.. avg hm sold in Fayetteville is around $157k.. I purchased my home in Feb 2019 a 4BD 2BA 2072 s...
Bradley D. Morrow
Still positive even in the face of a major first mistake...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $146,000
Cash invested: $27,000
Originally my live-in home, but trashed by (now) ex-wife during last deployment to ...
Bradley D. Morrow
Still positive even in the face of a major first mistake...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $146,000
Cash invested: $27,000
Original family home, but trashed by (now) ex-wife during last deployment to Afghan...