I am buying my first rental all cash for 45k and am wondering how I can go about getting the cash back? I am running into a few problems that the banks are having with Non owner occupied properties.
The loan officers...
Public Service Announcement I was scammed by a company called Xplicit Home Loan they offered me a loan of $280K for an investment property I was looking into. They claimed to be a private money lender. After sending t...
My family has decided to sell my grandmother's house and we are trying to do so via a FSBO. They put me in charge of running ads and prescreening the responses. I put something to the effect of "seller financing/lea...
Apart from the difference in interest rates. I'm looking for some feedback; Between a HELOC or a Hard Money Loan which would be the better option ? My ultimate goal is utilize the BRRRR strategy in acquiring a propert...
Hello, I’m under contract for my 3rd property, a REO. Its a financing and my lender wants an appraisal. Problem is, we are finding issues in the house. For one, the plumbing froze in a few spots and the lender wants t...
Hi. So as title indicates.. silly question re: hard money loans. Looking to purchase a fix/flip property using hard money lending. From research i've done so far looks like in most cases 100% of the deal wont be funde...
Hello, I have been looking at rental properties in Memphis TN area. I have came across a possible property for my first Investment property. I was hoping to get some feedback if the numbers all Look good, This propert...
Hi BP,
I just found a property where the the Cash on cash ROI should be more or less 10% according to the numbers found on the listing. That being said, I am skeptical about the income stated, as most of the listings...