David Wolber
Insurance "recommendations", hidden cost of property ownership!
So first we bought this 6 unit in New London, everything was going fine until the insurance company did their inspection. Got a letter in the mail of their “recommendations” that are mandatory that I complete. $10k la...
Sarah Simonin
New Investor loan options
Looking to start investments in fix and flip in Cincinnati Ohio. I am thinking a portfolio loan would be the best way to go since conventional will take too long. Do I need to have a property in mind first? Or find a ...
Susan Tan
Story Time: What to expect from a cash refi process
As a beginner, I successfully completed my first cash refi on a paid-off 2bed/1bath condo rental property in Cincinnati, OH. In other words, I got a lump sum cash in return for lower yearly cash flow on a rental prope...
Jason Wiles
Mobile home Deal
Hello everybody and thanks in advanced for any assistance. please let me know what you think.Lot with 5 mobile homes on it.two are rented for a total of $600.The other three need lots of work.the asking price is $30Ki...
Ashley Benning
San Fernando Valley native looking at REI of the flipping variety
Hello, everyone!I grew up in the San Fernando Valley outside of Los Angeles and am excited (and a bit nervous) about getting starting with REI in the area. I am under contract to sell my house in Arizona (moved there ...
Rao V.
How to decide if it is cosmetic vs full Rehab
Hi,How do you decide if a flip is cosmetic vs fuill rehab. Is it the age of the house. the condition of plumbing/electrical? What do you factor in?I would rather do cosmetic but I want to make sure the project only ne...
Christopher B.
Cash-Out Refi, HELOC, or Wait?
I am currently looking to access the equity ($50k) in my duplex. I have talked with a few banks and my options are:
1. Refinance at 4%, 20yrs fixed with a HELOC up to 80% LTV with a 4.5% rate
2. Cash-out refinance 4...
Joe Kim
refinancing investment properties
I'm in the process of refinancing an investment property.The current loan amount is 110K @ 5.125 fixed 30 yearsI'm getting it refinanced at 115K @ 4.25 fixed 30 yearsI will be saving around $50/month in mortgage payme...
LaQuadra Neal
Negotiation Strategies for Closing Deals
An area that I want to strengthen before I start speaking with sellers is my negotiation techniques. What strategies do you use to assess if a seller is motivated? What techniques do you use to close deals? What are g...
Ann Skaggs
Did not sign lease 7 months ago now landlord hot and heavy
Basically, 3 months ago I asked for repairs to my unit. The landlord went bat shit. Telling me my backyard was a common area and it was not mine. The dishwasher has not worked since I moved in asked for repair. Asked ...