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I don't want to make this very long, so I will try to bullet this to keep it short. -Newbie in Washington D.C. inspired by the idea of using an FHA loan to purchase multi-family while living in a unit. -Found a 4 unit...
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Evenin' BP! Looking to purchase my first rental and found a 4plex I'm interested in. Rents are $800/unit...probably fetch a bit more with updated units but using $800 for my analysis. C- neighborhood, only looking ...
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Let's assume I've found a motivated seller. This person responds to a letter: they call, we chat about their motivation for selling, I ask about the property details (address, equity percent, condition, etc.), and I ...
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I’m in contract on a small deal for 500k. A long time friend of mine expressed interest in being a cash partner, simply looking for a better return than his savings account. This would be through monthly cash flow or ...
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I recently came into contact with a sweet little old lady who called me from a yellow letter I sent her. She mentioned she had 2 parcels of vacant land side by side that she was considering selling. A total lot size o...
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Hello,I wanted to know if there is anyone here whho has done a lease option agreement with seller for 6 months and lease option the property to buyer for 3 months? I was running numbers and wanted to know if someone h...
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Hi all,I’m putting some final touches on my plans to purchase my first BRRR property. I wanted to cover a couple aspects and see if anyone can help tie up loose ends. Most of my misunderstanding/questions pertain to f...
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I recently spoke with a friend who lives in North Park (San Diego) in a 3 bedroom 1 bath. They are considering putting an ADU in the backyard and renting it out ocassionally and using it for family and guest that come...
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I'm barking down this whole creative financing avenue and trying to find more about what banks will and won't do.
Say there is a property currently cash flowing x and it has 3(?) years of history to show consistency...
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Hi all,So I've been running a bunch of deals to familiarize myself with markets and the systems and ran into a bit of a hiccup. I plan on using a HML for the property I buy. The issue is there is no place to input HML...