David Avetisyan
Criteria for Five Loans & Above
I was wondering what the criteria is on the fifth loan for both the subject property, and on existing investment properties.Furthermore, would it be any different if you are trying to refinance a cash purchase on a fi...
Erick T.
Should I sell or hold? Advice needed
Hello,I own 2 SFH that were purchased less than a year ago. Both were BRRRR investments.I currently have a $95K debt in my Heloc and it costs me $500 a month in interest. MY GOAL: PAY THAT BAD DEBT OFF BY THE END OF T...
Peter Eberhardt
To refi or not refi 60 days after purchase
So, to humor myself today I opened one of those common mailer advertisements to see what crazy low rate they wanted to push me on my condo for. To my surprise it was actually for a 4plex that I just purchased less the...
Engelo Rumora
WTF is wrong with investors these days?
So I get investors reaching out to me everyday and it goes like this:"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping ...
Louise Whidby
Banks not requiring EMD for Short Sales
I was planning on putting in an offer on a Short Sale property as a wholesaler. I have Buyers very interested. The banks DO NOT require an EMD, yet the Realtor is asking for earnest money. Why is this? I am trying to ...
Caleb Gray
Sewer Back-up ~10k in Damage
Hello BP!I was on vacation out-of-state last week when every investor's vacation nightmare happened: My tenant called and told me the unit was flooding (being destroyed). I called Service Master and they were able to ...
Susan McBride
Creative Purchase / Sale Agreement
I am considering doing a creative financing agreement whereby I will sell my home to a buyer with a $20k non-refundable purchase option. He would pay my mortgage payment and assume all responsibility for home mainten...
Herm M.
"You can only flip a property for 20% profit."
What does this apply to? Obviously flipping properties.
But what does it mean?
So if I buy a property for 500k and put no work into it... I can only sell it for 600k? According to which lender's guidelines? Which l...
Andrew Neal
Would you hang onto a non-cash flowing California property?
So I have recently taken a job in Dallas Texas and was planning to sell my home in the east Bay Area. This job change and move was unexpected and we have only been in our home for about 9 months. It was not purchased ...
Jenny Peters
Question about percentage of ownership in tax sale- Louisiana
I'm a newbie considering bidding on a few properties at an upcoming tax title sale. I'm in Louisiana and I'm a little confused about the bid-down percentage method we use. In the unlikely event the owner goes the full...