Hi everybody, I’m in the process of buying my first investment property. I’m doing it the traditional way with a mortgage. My lender is Charging $600 for the appraisal, does this sound high to you guys? It sound high ...
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My wife and I are moving to a house. We have taken a mortgage out for $872,000 at 4.125% with a PITI payment of $5,625.11. We also currently own a townhome with $442,000 at 3.625% left on the mortgage and PITI payment...
I am looking for financing to purchase a 2+1.5 townhome; 1178 sq. ft., 1984 construction available for me to purchase @ $84,000; estimated necessary repairs = $4k. Estimated fair market rent = $1200/mo. Alternative st...
I was looking for a house, but came across a fourrplex being advertised at $109,000. They are town house style apartments with 2bdrooms and 1.5 bath. I will live in one of them and get FHA loan.Is there a formula or...
I am brand new to real estate investing and was hoping to bounce my situation off of some experienced investors. Largely to help talk my nerves down a bit, lol. I have been reading and listening to BP pockets for some...
Cash Flow property question:Seller has a property listed for $39,000. I saw the property, and estimated $65k in repairs. This wouldn't work as a flip, but what about as a cash flow property.3/1ARV - $72kRepairs - $65k...
So there is a note here for sale.Can someone let me know if I'm correct? They still owe 6k. If I bought the note for 4k. And they paid off the whole thing I'd make 2k profitNow my options would be to renegotiate with ...
Hey everyone my name is Mike, I'm from LA. I've been listening to the podcasts often, and decided to join. Looking forward to learning from this group, thanks for having me.
Hello everyone, I'm going to look at a potential flip on a 3 bed 1 bath tomorrow.I know that you guys can't give me a answer without knowing a lot of things like the local market etc... but I just want to post this to...