I have a potential deal in the making, and have a private lender lined up.I, and the lender, are new to the private lending game, so what sort of paperwork/contracts need to be in place before the deal happens?Really ...
Hi everyone! I am currently helping a buyer purchase off market properties in Passaic County. I found a motivated seller, and we agreed on a price after the seller explained that there was no mortgage on the house or ...
My first post!
Hello, I can't seem to get a proper answer on this topic: Is mortgage interest an expense?
Some people seem to include it, other seems to think it shouldn't be included because the mortga...
Hi, new here..recently divorced. Awarded the investment property(cabin) with no mortgage and home with $155000 mortgage. Would like to 1031 the cabin and assume loan on house but my monthly income is child support $11...
Hi All! I'm new to this group! What financial mistakes did you make when you purchased your first home?Anything and everything is on the table! For me, I didn't understand that the mortgage loan was offering the in...
I bought a place in November 2019 as an owner-occupied property in California and I intend to convert it to a rental after 12 months of living here. However, my mortgage broker just presented to me a great refinancing...
I am a 24 year old first time investor. I have partnered up with two of my friends to buy our first rental property and run the BRRR strategy. The issue we are running into is every mortgage broker and banker is telli...
(Price: 100 unit @$4m-$5m PP, @$1m down)
ACCURATE CONSERVATIVE RETURN NUMBERS FOR APARTMENTS:
Income #1)Cash flow:@8%-10% ROI =$6.7k-$8.3k/month =$80k-$100k/year
Income #2)Principal Pay Down: @33% minimum of $3m m...
A couple of years ago I got two mortgages through Conventus Lending in CA. Jared was the contact point at Conventus. Fast forward to this year: they switched servicing to Shellpoing. IT HAS BEEN A NIGHTMARE. I mail pa...
As far as I know, you're required to carry homeowners insurance when you have a personal residence.
If I, as an investor, acquire a property subject to owner's existing financing, what about their homeowner's insuran...