Han Oh
Buying a 2nd lien note with owner in bankruptcy
I am in contact with a 2nd position private lender who is willing to sell his note at a small discount. The property is in California, the sale date is scheduled for mid December and he is the foreclosing lender. Ther...
Michael Healy
Just starting from NYC
Hi everyone,I've been following this site for some time now, and I'm excited to get started with REI. I'm in contract on a 6-unit multifamily property in Massachusetts, where I spend a good deal of time, that should g...
Victoria TJ
How to get out of this mess?
I bought 2 small commercial properties next to each other so the buildings actually connect to each other. I bought them for $750k, I put $200k down and invested about $200k in renovations. Its a seller finance deal a...
Christian Penny
Looking for creating financing options
Hello! I'm am looking to get into real estate investment and purchasing a first property some time this year. However, I'm concerned about the 20 to 25% down payment required for most loans. I'm in Madisonville, LA wh...
Vernon Chiu
Under contract during Covid19
Under contract for a property and was extremely happy. Now with the COVID19 situation and the world turning upside down, I am questioning if I should pursue and put $150k for the down payment. DD is up end of this w...
Ahmad Chaudhry
Cash vs Mortgage on 31K Rental Property
My first post and rental property purchase! I'm closing on a 31K rental property. I have cash, but am considering getting a conventional mortgage and possibly buying a second rental property. Here are the two scenar...
Nick Lucas
What’s my next move?? 2 choices
One year ago I purchased my first rental, house hacking a 4000 square foot duplex. I am looking into getting my second one here soon and need advice. I believe I have two options.
Property Info:
Purchase Price: $365...
Billy H.
Is this a good deal?
Purchase price 70,000
3bed, 2.5 full/half bed. 1447sq
Value110,000
Rent 1050.
Jason Yuan
Section 8 ask me to pay back 5 year rent for $44,000
5 years ago, i advertised my house for rent for $780. a lady said she has a section vouch for $760, but she can pay the difference of $20 from her pocket. so we signed the lease for $780, but she changed the amount to...
Ron Fletcher
Bank or Private Lender?
I currently own several properties and getting ready the close on another this month. I have a great relationship with my bank. They do require 30% down on each deal and charge 5.25% interest. Upside is there is no is...