Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
Account Closed
BRRRR more than 10 properties?
Hello!Since BRRRR is dependent on the cash-out refinance, what do you do once you've exhausted all 10 loans you can get through traditional financing? Thank you!
Forrest Holden
Property Manager with affordable tenant placement in Minneapolis
I used to own 4 rentals in west Texas. My property manager only charged $300 for tenant placement. I understand that I probably can't get that rate in Minneapolis, but I honestly feel that a full months rent for ten...
Brennan Hile
Starting with FHA and Refinancing with Conventional
I'm looking to buy a duplex with FHA and then refinance to a conventional loan at some point. I plan to live at the property for at least two years. Could anyone share their experience with starting with FHA and then ...
Jason Flint
Buy an investment property without paying higher interest rate?
I wanted to post this because I don't think a very high percentage of investors are aware of an option they have to get a much lower interest rate when they buy or refinance investment properties. (We have been invest...
Akshay Bhaskaran
Seller Financing @ 2% with 15 year Balloon
Newbie here trying to learn Seller-Financing. So, I came across this deal in Texas, and here are the numbers:Seller financing:- Purchase Price: $285,000.00- Down Payment: $40,000.00- Interest Rate: 2%- Amortization: 3...
Leonard M Kleuser
Hard Money Lender vs HELOC
My personal home is worth 90k and my partners home is worth 50k. Shouldnt we HELOC our homes to buy a BRRRR instead of a hard money lender? If I buy the BRRRR correctly (<70% ARV-repairs) wont I save a lot of money...
George Genovezos
LOC Hard money lenders
Hi all,I recently had to walk away from a deal because I didn't have a good hard money lender.Just wondering who's giving favorable LOC or similar loans, or even a good hard money lender. Looks like some are scams an...
Curtis H.
Ask a lender to pay taxes early?
Hello all, I am refinancing a Sub2 into my own name. I am expected to close before month's end, and they aren't due to pay the taxes until March out of the escrow account. Of course I would have closed by then so a re...
Mason Liu
Syndication & Private REIT Key Terms & Definitions (Glossary)
Hey All,
Wanted to provide a quick glossary of key terms relevant to Real Estate Syndication deals and their definitions. These are important to understand when evaluating the high level details of a syndication dea...