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Fellow BP, I know this varies by market, but what rates are you paying for HML?
Working some deals...A) Resell deal all in 40K ..ARV $65-$69k
1. Rate 15% with 5 points 65% LTV.. No money out of pocket
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Here's a video of how not to landlord:
http://www.youtube.com/watch?v=wIrN-etPO0E&nofeather=True
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $184,000
Cash invested: $55,000
We purchased a Duplex as our first deal to get into the game and start learn...
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Hi, BP Fellow InvestorsI am interested in a Quad with four independent tax records on the county website. Suppose that I only have one of the 10 residential loan slots left and I want to take advantage of this low-int...
I've found a house that I'm interested in purchasing. 3 Bed / 2 Bath. I'd live in and convert the garage to a bed room while renting out the rest of the house. After I move out I'd rent out the garage(bedroom)
Here i...
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Hi guys and Happy New Year to the Community of BiggerPockets! This is my first topic and I just want to introduce myself and wish everybody a more prosperous year! So my name is Nicu V., I am 28 years old and I live i...
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Hello, me and my partner are ready to get started in direct mail marketing campaign in Los Angeles / Orange County area to find motivated sellers. As this is our first marketing campaign, I would love to get feedback...
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My wife and I just got started by turning our first home that we purchased in 2012 into a rental. Looking forward to a rewarding future in real estate. I'm an electrical engineer full time and run a financial planning...
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Hi BP Family!I wanted to introduce myself. My name is Melissa, and I currently live in Dallas, TX. I am a native New Yorker and spend my time in both cities throughout the year.I have been trying to learn everything...
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I'm looking to start Wholesaling, and I'm curious to know what excites Investors/Cash Buyers?Is there a mathematical formula that Investors primarily use implementing the ARV and a couple other factors? Please help me...