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Hi all - first time poster, and I have a question on best approach. For my current primary household, I used a 401K loan as a down payment. There's 36k remaining on the loan. I am currently putting an in-law suite add...
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I know that commercial lending works different that residential mortgages, but my question is more about what these lending institutions are looking at when they are making their decisions.
1. When crunching ...
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I’m looking for any advice on beginning wholesaling? I’ve been doing a lot of research and trying to figure out the best way to go about finding sellers.
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My 2018 goal is to purchase a triplex or quad in the Philadelphia area. For the past 4 months I have been listening to podcasts and reading books about real estate. I keep hearing different rulings regarding a good Ca...
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I am hearing for taxes, financing, and legal organization that creating a checking account for each rental property is advised. I want to start organizing my self properly now as I am just begging. I am concerned that...
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I have a friend that works with a wholesaler. His strategy is simply this: If the market price for surrounding houses on Zillow is 100K or greater than his cost, he will buy it for cash. He usually puts 25-50k int...
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I'm wanting to 1031 exchange my one property into 20 different houses in a low cost state. If each house costs around 80k and I get a mortgage for 80%, how much would I need to have in reserves? How much would you rec...
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Yesterday, the Federal Reserve made the announcement that it would be increasing interest rates by 0.25%. The Federal Reserve's goal is to lower and stabilize inflation at 2%. This move was taken in an effort to contr...
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My house was appraised for a refinance and the appraisal came back at $160,000, which is significantly under what we expected ($190,000). Our house was built in 2011, in a cookie cutter neighborhood and there is an ex...
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I found an accountant I like in my area. After reviewing previous years taxes he gave me a quote. It’s 1,675.00 up front plus another 100.00 a month maintenance. Is this a normal type of fee for this service?