Currently our LLC is on the deed for a rehab we are finishing up. We would like to purchase the home for personal use but need to cash out the market value to pay back investment into property. Does anyone know if w...
Hello BP, A few weeks ago I started on my journey to investing in Real Estate properties. I think I might have found my first deal!!I bought a foreclosure list and it is listed as a pre-forclosure. The property is clo...
I’d like some advice on my options as a property owner and a tenant who stopped paying rent, move out 5 months in to a 2 year lease, and caused $4500 in damages along with stealing all the appliances. I’m an out o...
I found a 10 unit building in NW Indiana. I have run the numbers, and it is definitely a decent property. 18% cash on cash, 10.5% cap rate. It needs about $10k of work, but I already have a contractor lined up for ...
EXAMPLE:
Home is listed with a realtor. Auction is 2 months away. Borrower owes 270K. Asking price is 290K. The homeowner basically knows he isn't going to make any money and all he wants is to avoid a foreclosur...
Dear experts, I would like to invest in a rehab for 10% APR for 6 months. The house purchase price is 85k, rehab cost I'd about 20k. The loan will be secured by a mortgage on the house in closing.My questions for pros...
Just purchased my second investment property (first in my name).
Permanent residence is worth just over 200,000. I owe 150,000. I've lived here 3 years paying PMI on an FHA and the equity has come from increased pro...
Hello,My tenant recently moved out of my investment property which is a single-family 3 bed 1 1/2 bath home. There was quite a bit of work to do which I completed. I put it back on the market to rent.Now I am having...
I just closed a wholesale deal where the seller was selling the property with tenants in place. Found a buyer and closed the deal, but now the buyer wants to know who is responsible for the $400 security deposit the t...
Just drove by a pre-foreclosure that’s also an inherited property (double whammy). Spoke to the executor of the will. It has mold issues, roof issues… huge rehab. She said she would accept the first offer I gave her (...