Joe Won
Lendinghome is terrible and has put me in a tough position
I have a property in WV that I put under contract at the end of August. I decided to use Lendinghome to finance the project since the property needs some rehab. First of all, they've required almost as much documentat...
Brandon Sturgill
How Reluctant are Private Lenders to Loan with 2nd Position Lien?
For example, a purchase money mortgage with the seller carrying the note/mortgage? Any advice on how to structure seller finance to make private money more interested?...
Mike Dymski
What data will an appraiser use for a re-positioned apartment?
What time period (or data source) will an appraiser use for the gross rents (and expenses) of a recently re-positioned apartment community (T-3, current rent roll, near future rent roll, etc.)?The re-appraisal will be...
Michael Abernathy
Sell rental with positive cash flow to invest in more properties
Hello everyone,A quick down and dirty about myself. I live in Jacksonville, FL., work in IT and am currently finishing up my MBA. I have a rental property in Virginia Beach, VA that I bought over ten years ago. For...
Matthew Duke
Meth test came back positive - should we ask for lower price?
Hello everyone - We put in an offer on a duplex - it got accepted. We were very excited to move in - on the last day of our due diligence we performed a meth test and it came back positive. The seller is going to inde...
Corey Griffin
How to position your buyers to make a decision when wholesaling
When you are wholesaling properties ask yourself one questionWould you buy it yourself and be happy with the profit after taking the risk?If the answer is no then don't wholesale the propertyThe best way to help buyer...
Steve Karp
How to be cash positive using an FHA 203k in LA
I own properties out of state since the cost is considerably less than LA. In fact I rent. So I'm a double agent. :-) I am looking at multi units in LA with the intent of using an FHA 203k to do the deal. What I...
Bryce Davis
Foreclosure 1st Lien Gave Permission to Be Moved to 2nd Position
I am interested in a property that has an interesting deed recording. US Bank took over 1st lien position per registered deed. The borrower took one mortgage from Fifth Third is 2008 and took another lien from US Bank...
Brian Jackson
Most positive cash flow cities, tax friendly states, Landlord friendly states?
I am in Southern California and plan to purchase and keep a long term rental property locally even though its cash flow negative and the landlord tenant rights aren't great because I know the area and can do repairs o...
Bob Asad
How to Calculate if Duplex or SFH Has Positive Cash Flow?
Any calculator or rental calculations that you recommend for Duplex or SFH to analyze if they're worthy of buying for positive cash flow?For example, there's a 1950 duplex for sale (West Palm Beach, FL) for $500k with...