Jesse Martin
Lease Purchase Risks???
I have a deal we're negotiating. The house has been on the market for awhile, and isn't selling. The property has been fully rehabbed, and is ready to go. We are looking to pick up the property to turn it into a Ai...
Andrew Bassuk
65% rule in CA?
Hi. I'm new on the forum and have a ??
The flipping rule of thumb of 65% ARV minus repair costs makes sense in markets where houses are affordable. I'm wondering if it needs to be modified in southern CA.
If I cou...
Todd Nordstrom
How will Lender look at this situation??
My wife and I currently rent here in Hawaii and I am looking to buy and hold out of state where I am from.Our current situation is I earn w-2 decent salary, same line of work for 16 years, same place for 10 years. My...
Cameron Berens
Motivated Seller, What Should I Offer??
I've just recently sent out my first YL campaign and think I might have my first actual motivated seller to work a wholesale deal. Some info about the property - about 2,200sqft, 2 story SFR, 4b/2.5b, built 95', unfin...
Ben Bakhshi
Buying a note that is late in it's straight line amortization schedule
With straight line amortization schedules, interest payments decline over the life of the loan.Does anyone have some tips (or formulas, or excel tables) for calculating the actual interest collected if you buy a note ...
Peter Schiff
Feedback on harsh mortgage terms
I have received a mortgage offer with the wording of covenants and default looking very harsh. Can you share you opinion on what you think about these? --------------
10. Borrower covenants and agrees with Lender tha...
Alex Lee
Negotiating Foreclosure Payoff
Hi all! I’ve got a duplex that we grew up in located in New York. We lived in one unit and rented the other. It was owned by my dad, but he passed away a few years ago, we rented the whole thing out.We have since m...
Brett Cook
Does this make sense?
I'm trying to develop my search criteria for a small multi-family unit, say a 4-plex. I wanted to get some opinions on whether I understand the 10,000 foot view or not. I have selected a couple of nice neighborhoods i...
Jeff Pratt
New member in Phoenix looking for mentor.
Just getting started in the biz. Motivated and ready to learn. Any help is appreciated in advance.
Bea Maia
Tenant's negligence caused water damage to unit below
I'm just in the process of securing insurance to the inside of this condo, when of course the HOA calls me with an "emergency": the tenant somehow managed to get the drainage hose out of it's socket on the wall and di...