So... I was slapped with a mortgage denial from the lender. The whole FHA 203k project is fantastic on paper, with the total purchase price + 203k standard rehab totaling to 565k on a 2 unit to 3 unit (legal) conversi...
I have never done a DCRS loan and have little knowledge of how they work and in what situations they can be used. Can anyone out these describe them to me with limitations/advantages to having one? Thanks
I have an applicant who has just ok credit (average) but had a few late payments on last lease due to something or other. He told me a story, but I generally don't invest in "stories". However, he said to make up for ...
Do you believe there is a strong advantage in having a real estate license before I go about investing in real estate myself?
Hey all, love the site and the podcast etc. I am looking to get into REI and am trying to find the best avenue possible. - I have 200k in home equity that I could leverage into a max of 140k in a HELOC(approved alread...
Any advice out there on the best way to pull away from the full time job and make landlording the main gig. special formulas , cash flow, separate income accounts. My biggest concern is that once I leave my full tim...
hello everyone,
so I've recently found a few pre-foreclosures. but looking at the comps in the area the homes have 20%-40% equity. my original plan that came to mind was to do offer a few different solutions and then...
Hello everyone, I wasn’t sure which forum topic would be best for this topic, so I picked this general topics forum.
I would like to get your feedback on my plan for freeing up funds to invest in Real Estate....
There was a fire yesterday evening in one unit with injuries at an 18-unit property I’m under contract to purchase 3 weeks from now. How should I proceed?
My diligence period ends this Saturday, though Seller has al...
Hi there - posting this up real quick as I have a duplex with one unit vacant real close to the Air base here in town - LOTS of construction going on there and I was put in touch with a contractor who has a 3 year co...