I was offered seller financing on a property and am curious of two things. What should I negotiate for as far as term, interest, etc? Secondly the property needs about 40k worth of work to get it rent ready. I'm look...
hi im new to rei and have a home i'd like to buy and flip, however the hml i contacted requires me to come up with the 20% of the money to fund the flip. I have a car lease, 589 credit score, and a steady job at 43k a...
So I am in the process of my first BRRR deal. I had an offer accepted last night. I am paying cash.In doing research I learned that banks don't lend on properties that have title under an LLC so I have the contract un...
Hello all,
I have been secretly trolling these forums for several years without any activity. Before starting, I want to thank all of you users, as you offer much needed detailed advice on everything in the world of...
This will be my first deal. How are my numbers? Missing anything? 110k. Will need some patch work on roof. 5000 I'm overestimating here.Rents 3290.Water sewer 125 a monthElectricity 425 Insurance 160Taxes 17510 perce...
Hi, I have a rental property with an outside separated laundry room. There was a leak in the laundry room which caused some mold build up. I have a handyman who says he has mold remediation experience and he knows how...
I found a property that needed repairs and was told by my lender that they wouldn't give me the loan because of the amount of repairs the property needed. Even though i could prove i had cash to pay for the repairs. S...
I getting close to finishing up the rehab on my first flip. So far I am within budget except possibly for one thing. The driveway is in desperate need of repair to the point where patching may not be an option. My ...
People are talking about the real estate market changing. We know it cycles but how does that effect the buy and hold investors? If the market is going to turn soon how can the market effect properties I've already bo...
I am looking to purchase a fixer-upper to flip. It has a small roof leak that has been temporarily patched, but caused some drywall damage in the kitchen. I don't want to use hard money if I don't have to.Will this ho...