Is there an advantage to Hard Money Loans over a Line of Credit at a bank? If I'm planning to buy SFH for a rental at 65% LTV, do light rehab carpet/paint, get it rented, then refi into conventional loan at 75% LTV.
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Hi, I want to buy a multifamily home with my relative. General idea: I pay cash for entire house and for renovations (already got funds). My partner is in rehub business, he will do renovations. After renovations are ...
Mathematically speaking is there a best time to sell a rental property?I figure there are diminishing returns the longer you hold a property, so it should be best to sell and buy a new rental. However, the only variab...
What liens survive a first mortgage foreclosure? Let’s say you buy the banks lien at the foreclosure auction and you win the bid and own the property. What liens get whipped out and what liens survive?
Hi folks,
In South Florida, or from any folks that have experience...
How do I formally (proper paperwork) lend money?
I want to act as a lender for a renovations project on a property owned free and clear.
Plan ...
Hello,
I inherited a duplex last December. I am owner occupying this property, bottom unit is rented with a lease. I am trying to refinance into my name. Current mortgage is still in my family members name. This pro...
I am planning on buying a house with my parents. We are looking into ways to finance it with <15% downpayment. I currently have a primary residence that I share with my boyfriend and my parents have never bought a ...
I am primarily confused with how to get my money out to repeat the process.
Let's say I use HML and put 20% down on a 100k property so I get an 80k loan from the HML. The rehab cost is 50k borrowed from HML. The clos...
I have a property (vacant about 4 years) in probate with some title issues. There are no heirs and is being handled by an estate atty with the assistance of a RE broker. There are $5k+ in back taxes owed. The estat...
I have a motivated seller that is willing to sell on terms. Here are the quick numbers: ARV = $600,000 to $625,000Repairs = $25,000Purchase Price: $500,000Mortgage Balance: $500,000PITI: $2,750/moAnnual HOA Fees: $2,3...