Randall Williams
How much down?
Hi gang, would appreciate your thoughts on this one. I'm buying a second duplex, using financing from my first duplex. I bought the first 6 months ago at $82K, the bank values it at $140K. ($90K is likely resale value...
Ryan Santos
Should I do this short sale deal, and how?
I thought that this would be a wholesale potential but I just found out that they are about to Shortsale the home. Home is in need of repair from what they told me, but I'm not really sure yet of how much work is need...
Joel NA
modular financing
Can anyone tell me what it takes for a bank to consider a modular home as eligible for "stick built" financing. The place I'm looking at is a double-wide and has a brick 1/2 front facade and a two room addition. It si...
Richard Warren
A New Type of Run on Banks?
Money market funds, while uninsured, have always been deemed to be safe. The funds sought to maintain a $1 share price and only invested in the safest short-term instruments available. Yet Putnam Funds just closed a...
Dan Remmert
Newbie in Central Illinois
My wife and I have been studying getting into Real Estate for about 6 months and we are ready to get started. Have bank financing ready to go and LLC in place. I have been reading as much as I can but really have foun...
Andrew Robison
Buying a Fire Damaged House
Hi everyone. I have recently received a call from my first drive for dollars letter to a seller. Go Me! Obviously it couldn't be easy for my first possible lead and i have a lot of questions as this is like nothing...
David Stafford
Escrow Accounts for Rental Properties
Hi All,I'm looking to purchase a number of smallish rental properties and I'm curious as to the general consensus (or rules, as it were) to the incoming rental checks -- do I open an escrow (or simple checking) accoun...
Bobby Oliver
How to use a HELOC?
Hey fellow rockstars!
I bought a fixer upper last year and have been working on it while living in it. It's my first house! I have $75k of equity in it and am interested in a HELOC to buy a 2nd property, fix it up a...
Toan Le
Commercial Loan
I want to do a Commercial Loan for a 16 flexes , and the Lender said they would do that with leveraging all of my properties that I ' ve owned( put liens.I have never done that before so kind of confused if it good ...
Justyn Kaka
Looking At Purchasing My First Property!
I have a property in my neighborhood that I would love to purchase. It's in a nice neighborhood and I feel it is a good deal. I want to know how I should go about purchasing it, HML - PML - Bank - etc. I live in Hawai...