Franklin Romine
Bought 1st Mobile Home Park in CA...Collecting Rent and Fines
Just purchased a 24 unit Trailer Park, purchase price $300K. All the trailers are tenant owned. There is a long term onsite manager. Currently a 3rd party reads electric meters, prepares a statement for each tenan...
Daniel Mendez
Dallas/Fort Worth: Up & Coming VS No way Jose
Good evening members,As many of you have seen, the DFW market area is booming with new construction which is causing a lot of old "stay away" neighborhoods to be gentrified.A lot of these suburbs are becoming very pop...
Travis Lewing
New Landlord Questions
Hi everyone!I am closing on my first deal tomorrow (Thursday 3/5) and am wanting to get any tips I can to make this transition as smooth as possible. The duplex I am purchasing is already rented so I will need to get ...
Jesse Aaron
How high shoukd closing costs be?
Hey guys, I’m closing on my first property next week. I just got my disclosure forms and saw that my closing costs are right at 8k. The purchase price is 135k, I put down 10k using a conventional loan with 3.5% intere...
Benjamin Richards
Cash for keys question
I've got a nice SFR rental that I've been planning to sell at the end of June when the current lease is up. I was already concerned about this market and now with the COVID situation I'm afraid the market could really...
Carolyn Leonforte
Cash out home refinance or HELOC?
Good evening! I have two rental properties in two separate states (MD and OK). I plan to jump into my first BRRRR using my equity, very excited! I would like to do a cash out refinance of both homes, or potentially ...
Chadeesia Dunkley
Should I pull money out of my 401k to use for down payment???
Should I take advantage of the no penalty for pulling money out of my 401k? I want to buy my second house and I was thinking about pulling out about $25k out of my 401k to use for my down payment and closing cost. I a...
Keith W.
Should we be paying points before closing
I’m coming to the place I can trust for answers.
I was either approached or maybe I reached out to a private money lender for their terms which are 90% acquisition, 6% interest and 2 points. As a first time investor...
Thomas Jackson
1st meeting with motivated seller
I meet with my first motivated seller yesterday. I went and did a walk through of the house and I must say it was ****. We talked for a good thirty minutes before discussing price. We ended up agreeing on the price I ...
Eric T.
Buying probate property - How to execute?
Hello All,I am trying to understand more about acquiring property in probate. What are the pros and cons of going after probate listed properties? Let say a property already gone thru probate process and listed on MLS...