If i wanted to go to a lender or bank for a loan, what are the most important documents I would have to bring about the property?
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Portfolio question: How can I acquire a portfolio (5+ SFHs) and then refi into individual, conventional loans? The commercial loan (5.5%, 20 yrs) will be significantly less cash flow than conventional. Are lenders o...
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Greetings Friends-
My wife and I completed our first BRRRR Deals today. 2 houses. 1 refi loan.
House 1
We found a house through a wholesaler last October, but the sellers couldn’t close until mid February.
The...
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Is it common for a hard money lender to ask for a title report before executing the contract?I have a contract to buy a home but my hard money lender wants a title report before I get the contract between the seller a...
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We all know how beautiful this strategy is specially after your ARV expectation come to fruition when you're on the refinancing part of it. Get to cash out your initial investment or to payoff your private/hardmoney l...
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Investment Info:
Single-family residence fix & flip investment in Chicago.
Purchase price: $42,500
Cash invested: $60,000
Sale price: $160,000
Fix & Flip
What made you interested...
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Hypothetical question?
1. Purchase price 40k
2. 20 % down or 8 k down payment
3. Taxes 1k
4. Insurance 1k
5. Rent 750 month
6. 9k total revenue
7. Net is 7k
8. 7k / 9k = 78 % ROI first year
Question: how do ...
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My friend and I are buying a duplex rental property together. We have both agreed to put a total down payment of 20% to purchase and have a 6 month reserve on the the mortgage set on our partnership. How much more sho...
Hello,
I own two duplexes under the name of two Florida LLC's that I created using sites like rocketlawyer.com. I rent the duplexes and use the LLCs as well as liability insurance to protect my LLC and personal name...
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Howdy!
I stumbled across this site this morning when researching how to get into real estate and spent the rest of the day on BP reading all about the basics!
So many great resources here!
I'm loo...