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Hello All,My mother-in-law and I have been discussing working together on real estate investments for a few years. She's getting close to retirement and wants to get her feet wet now so she has something to keep her b...
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We are preparing to close on our second investment property (SFR) in the next month. Like the first, in order to secure financing with a competitive interest rate and 20% down, we put the loans in the names of the LLC...
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I live in Suffolk County. I need to live on Long Island for about another 4 years (once my teens are old enough I am more than likely outta here). I currently rent a townhouse type unit. Absurd rent. I have dispos...
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We just completely rehabbed a home. Kitchen/bath down to the studs. Home is in Missouri. We were told that we can't call it a "new" kitchen but must use the word newer. Same with like "new" appliances. Etc. Is that tr...
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Hello BP,I close on a property that will be a STR at the beginning of April in Jacksonville Beach, FL. The main house (3/1.5) does not need much rehab to get it up and running. There is an addition that I will be conv...
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I have been under contract to purchase a foreclosure for approximately 100 days. Pursuant to the purchase and sale agreement, the seller is now in default because it has not closed within the specified term. The prope...
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I live in south Florida and am going to be selling a property I own and will walk away with approx 100kWhat do you guys think my best bet is in how to spend that money for maximum income return. I am currently a landl...
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Hello- I am trying to build a proforma for a specific property but am seeing a HUGE variation in what I should be using as expectation for Maintence and Repair costs, Utilities, and reserves.
Also- CAPEX reserves.
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I have been speaking a lot with PMLs, specifically the one's that offer 100% financing LTV and LTC
My concern is that they keep asking me for a loan origination cost, which seems like a scam to me
For instance, one ...
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I thought if I have a good deal under contract, it won't be a problem to find private lenders to sponsor it. That was my thinking. So I focused on finding deals. I recently found 2 flip deals. Then came the dilemma: h...