Nicholas Knaebel
My debt to income ratio is too high!
Hello,
I am new too REI and am having a hard time securing a loan. I am a server and only claimed 24k last year. I was looking to cash out refi my house and use the 25k to buy a duplex in full. I also have enough sav...
Ugochukwu Opara
West Philly Duplex in Opportunity Zone
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Philadelphia .
Purchase price: $25,000
Cash invested: $13,000
Purchase $25,000
Rehab $80,000
Total $105,000
Rent $1887 (2...
Ling S.
Buying 4plex as a first investment?
I am looking into buying a 4plex as my first investment property. Is it a good idea or should I buy a single family house to start with? In order to have a positive cash flow, only half hour drive distance and a safe ...
Daniel Tsang
Advantages of seller financing if I can have conventional loan?
Is there any advantages for the buyer (me) to get seller financing if I can get conventional loan?I have a w2 job, excellent credit and 25% down payment to get a conventional loan. The seller is going to do 1031 excha...
Jason Papp
Seller Finance 2nd - Higher interest, lower sales price
Is something like this possible (simplified hypothetical example):
Seller wants 500kConventional loan for first 400kSeller carries a 2nd note of 25k at 19.5915% over 20 years = $100,009 in total payments
Would this ...
Eric Furst
help deciphering some numbers
I'm looking to move from playing the market to real estate investing, but trying to start out in a low risk/low reward property in order to learn the ropes. I've been looking mostly on roofstock for my first buy. In r...
Allende Hernandez
Best option to finance a new investment property
Good morning investors,I'm looking to buy a property in the South FL area and need to bounce some ideas against you guys. The root need comes because I need to bring my mom closer to me and Im looking for a way to mak...
Fred Stevenson
My cash flow dilemna
So it appears to me in my local market and also at the macro level around the country that properties that cash flow nicely i.e. >1% rule are also in markets or neighborhoods that don't seem to appreciate that much...
Mike Lee
is a HELOC replacing mortgage a good strategy?
Hello all, Just bought a condo last year as a personal residence in Chino Hills, CA. I stumbled across some readings about HELOC's and how it helps pay the home mortgage down faster and paying less intrest. On top o...
Symone Gordon
Refinance: Simultaneous conventional and HELOC??
Hi Everyone! I’m looking to refinance my duplex. I’ve got to get this monthlY payment down to create more cash flow - I like the idea of a HELOC - My broker is suggesting I refinance to conventional and take out a HE...