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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $90,000
Cash invested: $20,000
Bought off auction with private money for the purchase and rehab. BRRR’d it t...
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Curious if anyone has found a way around this rule from the banks - Our bank will not allow us to use "gift money" for our 25% down payment on a conventional mortgage for an investment property. However, my in-laws w...
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I am getting close w a couple deals but having an issue finding a title company in Oakland County Michigan. Can anyone please recommend a wholesaler friendly Title company who can handle Double Closings (not assignme...
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Hello BP, family about a year ago I closed on my first deal. This is the horror story to follow.A check was sent to me from my closing attorney's office. The check was sent back to their office due to them having the ...
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Do you tell your lender that you plan on having the seller carry back on deal?
For example, I want to get into a property with a conventional investor loan. I need 25% down, and the loan covers 75%. If I have...
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I’m a new investor and I’ve been putting 20% down for my properties so far. Which makes obtaining homes a slower process. I see people advertising they can buy a property all cash without even seeing it. How do you ac...
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I’m trying to get the ball moving a little faster than what it is and with not being able to cash out or Heloc for another 6 months, im wondering if it would be worth it to go to a hard money lender? I only have one p...
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Hello,
I spoke to an investor/wholesaler who purchased a flip property in Texas sept of 2023 and didn’t have the funds at the time to get begin rehabbing. He is looking to borrow $50k with 10% interest. He already h...
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Hello All,
I just purchased my first 2 investment properties at auction in Louisiana and used cash. I will also reno the properties using my own money. I want to rent the properties out and get a mortgage on the hou...