Dmitri L.
Cash-out refi issues in TX
Hi All,I have a TX rental (~250k market value, ~80k loan balance) and want to pull some cash out of the equity via a cash-out refi/heloc/2nd mortgage. Unfortunately it looks like there's some rule against the combinat...
Christopher Munoz
Fix & Flip during Recession
Hello everyone, what are some good tips to follow when fixing and flipping during the uncertain times coming up and reduce my risk? Almost every indicator is pointing towards a slowdown / pullback. My biggest fear as ...
Mark S.
What's Your Max Offer on This Duplex?
Duplex. 15 years old. 2BR/1.5BA units. 900 sq ft each. Area = C class.Rents: $500/unit for $1,000/month gross.TOTAL INCOME: $1,000/moExpenses: Taxes = $55/moInsurance = $75/moProp Mgmt = $100/moCap-Ex = $100/moOng...
Robert Kriedermann
Help! Hard Money headache
I took out a hard money loan for a rehab project. Purchase price was $51,000 and the rehab escrow was $60,000. I've worked with this lender before and the fee is always 5 points plus $2500 with 1% of the loan to be...
Jude Hughes
In need of QUICK deal advice
Well BP, I'm in a pickle.I stated the year by submitting an offer on a 1913 local historic home I viewed a few days before New Years. It has been converted to commercial, and my plan is to use the first floor as my of...
Jay Hinrichs
What is the fastest you have recieved a title commitment
I just opened escrow at 11:45 am on a Vegas property I am selling. I got my title commitment today at 3:36 pm today.. Just under 4 hours for a pre lim / or title commitment to you east coast folks. that i believe i...
Apoorva Paruchuri
Is this a good time for first time investor?
Hi all, I am looking to start investing in multi family around Boston area. Specifically in Dorchester, Roxbury, Quincy, Chelsea and Everett. My plan is to invest in a 3 family home as primary residence. I am looking ...
Brian Budrow
Investing in Rutland, VT
Hello! My family and I are looking to relocate to Vermont after visiting last summer. We are eyeing the Rutland area because it checks all of our boxes as far as amenities for our family and housing is very affordable...
David Robertson
Foundation issues, have gotten quoted 5-16 piers, what should I do?
I have a foundation that has settled around 3" on the back corner of the house that I am trying to flip. We are building a retaining wall and going to underpin the foundation with concrete piers. My issue that I am ...
Elizabeth Martin
DSCR Loans in Ohio.
My husband and I just purchased our first rental property. We got a really good deal and we think at the end of it we will have about $80,000 in it total and the ARV will be about $130,000. The only problem is the ref...