Curtis H.
Rate cuts. Should I hold off getting this loan?
Hello all, So I'm under contract for a property worth about $400K, and right when the loan agent sent the loan disclosures over to sign, I see the news about the rate cuts. So I held off signing anything. Naturally he...
Chris Stranad
Should I install Mini-Split or Electric Baseboard heating? Help!
Looking for advice. I have a 4 unit in Lower Michigan which has 3 of the 4 units on the same hvac system. I am looking to split the utilities to tenant paid & exploring either a mini-split or baseboard system. The...
Kyle Brodwater
BRRRR Refinance question regarding DTI ratio
Hey everyone!First and foremost thank you for anyone that takes the time to respond I would greatly appreciate it! Here’s my backstory:I’m currently active duty military living in Rhode Island. I own my current SF ho...
Jimmy H.
Apartment REO Analysis
72 unit apartment REO
Lexington, ky
48 - 1BD/1BA 600 sqft - rent is approximately $400
20 - 2BD/1BA 725 sqft - rent is approximately $525
4 - 3BD/1BA 900 sqft - rent is approximately $650
Currently, tenants are payin...
Branham Garth
buying developed lots
Hi all. fairly new to this site but feel a great deal of market wisdom resides here. My wife and I are focusing on two strategies for purchasing RE now and wanted to ask about developed lots. We see opportunity in ...
Robert Mayo
Smells like a rose or a fish?
The numbers on this deal seem excellent, but I need help on due dilgence. This smells fishy to me.
Tri-plex with 1/1, 1/1, and 2/1. Rent $400, $400, $500. REO asking price $35k, located in neigh...
Sharad M.
How would you introduce yourself to an agent?
Hello all,
One of the agents in my area has a lot of REO listings and I would like to introduce myself to her as a cash buyer. What's the best way to go about it? What have you guys done in the past that worked? Appr...
Joe D.
Personal residence sale tax question
I did a search to see if I could find anything on this but no luck. I am about to put my personal residence up for sale within the next month. At the moment I haven't done any investment deals so I don't have any expe...
Jamie Young
Would a flood plain shake you out of an otherwise solid deal?
Hi All,First time posting, but long time reader here. I have an opportunity to buy a fully remodeled 3 bed, 1 bath for $64K. It is tax assessed at $94K. My intention is to hold the property long term as a rental. Avg ...
Derek Griggs
Try to understand the depth of foeclosure procedure
I have passed by this house for years on the way to work. I even called about it when I was looking to buy a house. It was a very nice place, well kept in a nice area. years later someone bought it and slowly went dow...