Matt Smith
How son can I buy for a 1031 exchange
Hi,Here is the situation:- I am planning to sell a property that will go on the market May 15th.- It will close around June 15th.- I want to do a 1031 exchange and buy 2 or 3 propertiesFrom what time can I buy the pro...
Cameron Ellis
Doubling HUD Homes? Wholesaling HUD homes
guys I'm hoping to find out all I can about this subject any input would be great!
What type of HUD homes can I wholesale?
How long does HUD give you to close?
Can I have my buyer wire the funds in before...
Brandon Moa
Help on wholesaling contracts and closing in California
Hello,I don't normally do forums but I convinced my self to give it a try. I'm having trouble understanding the process of legal wholesaling in California. I just spoke to a title company representative not to long ag...
Account Closed
Anticipate the Need for Some Money at Closing - Bring Some Skin to the Game
Here's another tip for working with hard money lenders. Anticipate the need for some money at closing. Don’t expect to be able to wrap all of the closing costs and fees into the loan. Even with a good LTV ratio, the l...
Michael Augustin
Lender HELOC Closing Fees?
What are you guys seeing for closing fees with your local Credit Union. I found a lender that does 80% LTV on investment property. I recently applied and their closing fees were $3K for a $170K loan at 5.24% HELOC. I...
Joe Patera
Closing Costs
I'm buying two properties in Jacksonville and Wells Fargo is charging $5000 for each loan.Does that sound right?
Nelson M.
Seller paying closing costs?
Hello all,REI newbie here. I have been looking at a triplex to owner occupy for around $180k. I've ran the numbers and it looks like a potentially good investment, the only thing holding me back from pulling the trigg...
Account Closed
BRRR strategy confusion - Refinancing
I'm confused on the refinancing part of this strategy.For example, with obviously hypothetical numbers, you find this situation:Purchase: $70,000Rehab: $35,000ARV: $150,000So, your total investment is $105,000. You re...
Ryan Moore
First Property, Deciding Between Lenders
Hi, I'm under contract for my first property, a 4-plex. I received loan estimates from 3 different companies (30 yr conventional). Two of them are in contention. 1 has a lower rate by 0.25% and the other has closin...
Andrew Curro
3.5% down to buy an investment property is a misnomer
I often hear people say “I only had $10,000 and I was able to buy a duplex in a nice neighborhood with an FHA loan, you can do it too! It’s that easy”. Seems like this is disingenuous. They leave out closing costs, em...