Dana Spencer
Advice on shared utilities in multiunit
I'm new to rentals and looking for my first. I found a multiunit that shares a single electricity box and water/sewer so the owner pays all utilities. Even with charging extra rent to accommodate the costs, it seems l...
BJ Butler
Looking for options next door
My neighbor bought his house at the height of the market in 2006. He paid about $175,000. The market is now about $130k. His mortgage is a little over $1100. He is upside down & was going to rent it out for $1200...
Juan Medina
NET to HUD
I got a counter offer from HUD and they want a net amount value for HUD. if the net amount is 100,000; should I place a bid for $106,383 to cover the seller and the buyers fees (6%)? am I missing any fees? Thanks
Zachary P.
4plex financing where is the best deal
Looking to do refinance on my 4plex 75% LTV. Best rate I have found is 30 year fixed 4.75 interest rate. Also interested in interest only mortgages. I have good income and credit. Does anyone have any suggestions?
Danae Meurer
Accounting for seller concessions
How does one account for seller concessions from the HUD-1? Is that amount subtracted from the basis, or is that money allocated proportionally to each item in the closing costs it covered?Also, if there is a Lender ...
David Guglielmo
Can I use a personal loan towards a down payment on a house?
I was recently pre-approved for a 60K conventional loan (investment property, 4.3% interest) . I need to put 15% down (9k), closing costs are waived if I buy in a LMIT area. I wanted extra cash on hand for repairs/Cap...
Farrukh Amini
What to know when asking for seller financing
I would like to ask the seller to do seller financing on a SFR or MFR. What important things should I know and take into account before going this route?Would greatly appreciate any tips from people who have done sell...
Aleta Brochue
Needing additional funding for flip
Needing advice on how to move forward with our flip. We currently are almost complete on a project but are in need of a little more funding. We already have a Hard Money Lender but due to unforseeen additions to the...
Rodney Miller
Single Family Home Financial Analysis Spreadsheet
Not even sure if this exists but I'm wondering if anyone knows of a pre-formated excel spreadsheet or web based modeling software that can take data such as property, amount financed, interest rate, loan term, etc. an...
Michael McCabe
Multiple Refinance Pros and Cons?
Hi guys! I’m currently beginning the rehab portion of my BRRRR deal. Just for some quick details; we purchased the deal for $180k with an expected rehab of $262k and an expected ARV between 475-550k and a monthly rent...