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Well, after months of searching, I have agreed to my first deal.
SFH ready to rent
appraisal $44k
cost $25k
Owner financing
$5k down
$20 at 7%, 15yr amoriz. 3yr balloon
Local rents - $600-700/month
It meets all of ...
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I have the possibility to purchase a duplex with seller financing. 10-15% down, and then seller will carry the rest of the note on a 10 year balloon (30 year amortization). I’ve purchased SFH’s and multi family, but n...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $218,000
Cash invested: $7,000
2/2.5 single-family home, built in 2009. Solar panels, detached garage, central air,...
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If one were to get a hard money loan for a flip and say the term is 5 months and the house doesnt sell, what happens if the borrower cannot pay the loan back? Does it go on credit? Will the lender take the property? W...
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Just wanted to share some good news we received today. Three years ago we purchased a 14 unit apartment building with 100% financing (how we did that is a topic for another post). We're currently in the midst of ref...
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Hi BP,My husband and I are looking to purchase our first rental in the Euclid area. I came across Secured Investment Lending - does anyone have any experience with this company? Or any experience with any other HML fo...
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I am need of a mortgage broker, a real estate agent and lots of information. I am new to real estate investing and I want to get started and get my first deal done by the end of the year if possible. I have a full tim...
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HiI am wondering do HML fund entry cost on Subject to Deal. I am checking couple of Subject To Deals in DFW, Texas. The entry fee ranges fr 10-20% of purchase price of the property, and I will be taking over someones ...
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Hi I'm Ginger. New to all of this and I am looking in to buying a duplex in the Portland area as my first rental property. Any insight as to steps and/or some local accuntability buddies would be great. I am currently...
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Hello BP,
I am still figuring out financing for a 4-unit turnkey property I have under contract (for buy and hold).
I wrote in a previous post that my lender increased the down payment required for purchase and I do...