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Hello, I just bought my first property in Fort Collins, Colorado with a 3% down payment conventional loan. I am wondering what kind of strategies I can use to hit that 20% LTV the fastest?I am going to rent out two of...
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Hi all, I recently inherited a 3 family home that needs A LOT of work ( home is from the early 1900's) . There is no mortgage, the house is fully paid off . Two of the units are being rented but WAY below market v...
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Newbie trying to understand 1031. I know much has been discussed but not finding answer to these particulars. Any input appreciated! Say I am able to sell my current property for $400k. Loan balance = $200K. Purchas...
I know someone who recently lost their home in a FHA/HUD foreclosure. I think I could acquire their rights of redemption and make a modest profit. I've read the rules about adding taxes, insurance, improvements, an...
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Hi all, I subscribed to this forum for some ideas on how to make this work. In 1963, my father was killed in an accident and our farm passed to us, his kids, with undivided interest ownerships. Our Mom had a life e...
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Is it possible to get a 10% down loan from a portfolio lender non owner occupied with great credit?
Hey guys, Just wanted some clarification on how this section works. Lets say, using hard money, I purchase a property at auction for $35,000 that requires another $35,000 in repairs (included in the hard money loan). ...
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Thinking about purchasing an investment property.
I can get a VA loan that will buy up to a quad without any money down up to about $125k. Loan would be at about 4 to 4.5%.
I can get a bank loan with 20% down. Onl...
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We are working on closing a deal on our second property. This has been a roller coaster ride thus far. We are getting the home from a friend. Purchase price $100,000. They have allowed us to go in and rehab prior to c...