Heath Thomas Jr
Taking a commercial mortgage subject to
The seller of a commercial property has an existing mortgage of 1.6Million. It is an assumable mortgage and we plan to assume it as the financing is non-recourse and incredibly favorable terms. That brings up the ques...
Steven Anderson
Lot purchased to build personal residence but later sold
In 2016 we bought a lot to build our personal residence. In 2017, we decided to build elsewhere and bought a different lot. We now have a contract to sell the original lot and it will close in January 2018 for 34% mo...
Garlin Smith
Looking for turnkey partner in Dayton area
Hey everyone, I'm looking for referrals for a reliable and trustworthy turnkey partners and/or property managers in the Dayton area. Im originally from the Southwest Ohio area, now living in SoCal and interested in pu...
Jay Patel
Bogus Mechanical Lien to stop people bidding on Tax Deed
Hello,There is a property I am interested in that is a condo and the owner is "XXX LLC." The LLC was set up by another Corporation, whose Manager is the person that put a huge Lien ($200K+) on their own properties.I ...
Craig McLaughlin
buying house as a 2nd primary residence
Hi all,I currently have lived in my primary residence with my wife for 10 years. I have recently taken a new job about 100 miles away. Am I able to purchase a house at the new location with cash, live there as MY pr...
Timothy Yost
price dropping on property
I found a property that was originally listed at 159k. About a month later price dropped to 145k. About a month after that it dropped again to 135k. my question is, do I wait and hope they drop it more or make an offe...
Paul Sandhu
Do Pentecostal ministers ever try to rent your STRs?
Got a call from a guy that wanted to rent a place. He was staying with his aunt and 3 nieces and wanted out of the estrogen festival. Told him how much my places are, and the conversation was pretty much over after ...
Dustin Batchler
Successful BRRRR in Spartanburg, SC
Investment Info:
Single-family residence buy & hold investment in Spartanburg.
Purchase price: $55,000
Cash invested: $87,000
This was a BRRRR that was purchased for $55,000 with a rehab of $32...
Clayton Hepler
How do I structure an offer with the seller holding 20% of a note
How do I structure an offer with a mortgage at 80% LTV and a seller holding 20% of the loan for a 5 year balloon? For context, this would be for a 160,000 purchase of a duplex and garage.
Steven Birch
Investor Friendly Banks Chicago
Looking for a lender that would ideally do a construction loan rolled in with the purchase of the home. I'm looking borrow roughly 120k for a full duplex renovation/rehab that could be rolled into a fixed rate 30 yr a...