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I have been doing research on the BRRRR strategy & i always seen to get confused when people talk about the refinancing and getting 75-80% LTV on the ARV. Can someone please help explain this method & provide ...
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Some info first. This isn't my first rodeo, I have bought and sold SFH via the traditional route: use my VA or pay 20% and get a home. So I do have cash to purchase this home, but my CFO (wife) has tossed a wrench ...
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Hello,I’m between lenders and they both sent me back my appraisal. Lender one: fully approved & rate locked in.Lender two: Conditionally approved and my rate is locked.Lender two’s appraisal is 5k less than lender...
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Deal details:
Short sale home
Agreed sale price: $17K
3rd party listing agent fee: $10k
Closing cost: $3k
Total: $30k
Loan details:
$30k
15-year 3/1 ARM @5.7%
20% down ($6k)
Monthly breakdown:
Rent: $650
P&I:...
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Hello,I am looking for some good referrals for Realtors in the Denver area to help find promising multi-family or single-family property. I am new to the area and would love some suggestions from people who are from t...
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We're in process of refinancing our primary home and I asked our mortgage specialist about opening a HELOC so we could use it for a down payment on an investment property. She said that they typically do not offer the...
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Thanks to bigger pocket, I got a personal loan from bigger pocket network. However, I am not sure how to handle personal loan in house purchase. 1.Should I ask for a preapproval letter and attach the letter to my con...
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Hello!Everyone! I'm a new wholesaler and is in need of some assistance. @SeanJones or anyone else, do you have a copy of a Illinois purchase agreement that you use to put a home under contract for a wholesale deal?...
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Hello,I am a newbie who is investing in tax deed sales in Florida. I am learning that lots of the properties going up for auction have a mortgage on the property. If I am the successful bidder on a property do I tak...
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Please comment on what you think about this PM. Do they sound reasonable?
Global Reality
The following will recap our services and fee structure:
• Monthly management fee - $75 per property per month...