Jeff Warner
REO Not yet listed on MLS
I was out farming an area today and found a couple homes that we're traditional vacant/boarded up so I wrote down the addresses. When I got back home I looked them up and noticed both we're just recently purchased by ...
Matt Vezina
Why do so many lenders exclude Vermont?
Not that the answer will change anything just bugs my curious mind.. looking at all options as I head towards a first purchase in the spring and it seems like private money is effectively not on the list for any terms...
Chris Smith
How does short term/monthly rent affect cap rate/price?
I've been practicing running numbers on various deals in town and I found this 22 unit apartment listed in Tampa, FL. The apartments are located in a central location in Tampa and the owner has converted them to short...
Rich Hupper
Mortgaged property and fire
I do not have experience with this topic and looking to understand the ins and outs. If you buy a rental property with a mortgage and there is a significant amount of damage to the property due to fire so that no unit...
Vik C.
Financing Question on DTI
Hey guys,I own my own place in NYC with a hefty mortgage payment and building maintenance/tax fees etc. I have no other debt.Currently my DTI, if I include the mortgage and the full maintenance monthly fee for my buil...
Derek Hammond
Financing a Currently Leased Property
I am looking to acquire my first property. My personal finances look to qualify me for around $125k. I have about $7k to work with for a down payment. I live in Kansas City, MO and am looking to buy in the area as I w...
Carrie Doan
Newbie question re: hard money
Hi there - totally new to real estate investing and I envision I will need to approach a HML at some point to get our first deal going. This may be a common sense question, but I'm wondering - at what point do you ap...
Matthew Thompson
I don't see how this is sustainable
Hello, I just finished "The Book on Rental Property Investing". I enjoyed reading the book, I found it very inspiring and informative and I appreciate how the book shows you real world examples on how you can build yo...
Matt Jankowski
Buy pre-market REOs?
This is a super newbie question, but I just don't know the answer for sure....
On bank-owned properties, is there anyway to negotiate a purchase "earlier in the pipeline"? That is, before they receive BPOs, fix-ups, ...
Jimmy Warr
Need Quick advice
I have found an 8 unit apartment building for $55k in Memphis . Would banks and credit unions fund a commercial deal this size ? The seller is motivated and I must get this deal closed. But I need to know if I am wast...