Benjamin Carver
Refinance into an FHA?
Hello! I believe you cannot but wanted to double-check since I couldn't get a real answer out of my google searching... Can I purchase a house in cash and then refinance into an FHA loan? Thanks in advance.
John Bower
Alternative funding for a Triplex
I’m looking to do a cash out refi on my current triplex for a down payment on another triplex. I have run all my numbers on the new triplex and I can get a 17.4% ROI and it will cash flow $663 per month. Great numbers...
Zac P.
How to make the best of this? Potential DEAL!
I have a buddy that unfortunately is losing his house to foreclosure. I am a bit confused (I think he is too), he owns it in full (no mortgage).. He did "rent to own" which ended badly and I believe the foreclose w...
Joel Owens
Bounced check - How would you handle??
I have a friend of mine that has a property preservation company in GA. They have been in the business for a very long time. They believe in the best of people and most times do not get taken advantage of however t...
Teresa F.
TRID will end 30 day closings for non-cash investors
I attended a TRID training this week. TRID is the new process that mortgage brokers/bankers have to use that will replace the HUD-1 (for non-cash buyers) effective October 1. During the presentation, the lenders sai...
Michael Lerch
Post dating checks to help cash flow on lease options payments?
I got a birthday check in the mail (yeah I still get those believe it or not), and went to cash it. Nope... it was marked for my birthday 8/21 (I received it 2 weeks early) no biggie. I can wait. but it got me thinkin...
Dustin Heiner
How to split equity between 3 investors with 1 as the lead
Hi, I need help with equity in the deal for an apt complex I am working on.This is the breakdown:Investor A = $90,000 - Investor B = $20,000 - Investor C = $25,000Myself and 2 other investors are buying an apt com...
Oliver Trojahn
Private Money For Conventional Down-Payments
We currently own 4 rental properties (SFR's). We buy them at 50-75k and they rent between $1,000 and $1,200. A type neighborhoods with great schools. I want to increase our portfolio to 16 total houses which w...
Jon Barker
First time Poster here
With the new COVID/2020 "normal" and a country never so divided in my lifetime, I finally bought my "castle" around the end of June bind as I was faced with circumstances where I was in a rush. We were faced with t...
Trace J.
Contract Assignee - can I sell if has non-assignment clause?
I am an investor purchasing a home I believe to be a good deal from a wholesaler after due diligence. I signed the assignment agreement and paid earnest money, but it has a non-assignment clause so I cannot reassign ...