Nanette Miller
Upside investment property that has an HELOC Line of Credit
I have a condo in another state that is upside down by appox. $50,000. I have an interest only loan on it that expires October 2013. I have been renting it out but just want to get rid of it. I don't want to do short...
Adeline Tai
As a buyer should I take Seller Price Reduction or Closing Credit
Hi, First post here. :)
First time home buyer in California, seller is willing to credit back $10K on a million dollar sale price. What's the pros and con on price reduction vs. closing credit? I received a lot of mi...
Jay Soriano
Open cash out refi and buying another property
For those professionals out there if you have an on going cash out refi at the moment and at the same time there is a deal that popped out on the market can I still but it? Is there anything could go wrong to my cash ...
Account Closed
Buying a fyture rental to live in.
I have about $350,000 in cash. I want to invest the majority of it in rental/Airbnb's. My question is this; among those investments I need to buy a small condo (about $150,000) to live in and rent out in the future. W...
Courtney Maguire
Setting Goal to purchase 1st/2nd LTR
Hi Everyone-I am looking for a mentor in the Great Lakes market (targeting Wisconsin but open to other areas).I purchased my first “LTR”, which my parents currently rent from me for about half of the mortgage. I’m not...
Matt Heath
Thoughts on land contract for 4 family
Hello,I would like people's opinion on a deal that I have going on. I know a seller who has been trying to sell his 4 unit apartment for $254,500. It has been on the market for almost a year. The seller wants to do a ...
Ernesto Alandy
Section 8 & Social Services (Need advice)
Hello all,My wife and I are currently ready to place an offer on our fist rental property in Albany NY. It has 3 units with 3/3/2 bedrooms. Property is newly remodeled. We just checked the property this weekend and,...
Donald Aleshire
Cash needed to make first purchase
Hi all,
I wanted to get feedback in regards to making my first investment into Owner Occupancy.
My current loan limit is $400k and let’s make an assumption that I purchase the investment property at its full loan l...
Jeffrey McKee
[Calc Review] Help me analyze this deal
The cashflow is negative after the refinance so i realize the numbers would need to be renegotiated. Using the BRRRR rental calculator, I am trying to figure out what the cash out would be? The report is below. The...
Jeff McNutt
Should I use Cash or bank loan
I am closing on my first rental property. A few issues have come up from the lender. Here is the break down.
Rough estimate
Purchase Price $31,000
Down payment $24,500
Lender 30 year fixed 5%
I started an LLC and h...