Hi, I have purchased a 3 unit multi fam property under LLC (50/50 partnership husband and wife in NJ which is Non-community state) and financed (100%) through hard money lender(personal guarantee). After the rehab was...
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I'll try to keep this brief and to the point. In the process of purchasing my first investment property (2 br condo in Atlanta suburb). I get a call from the lender today (NFCU) telling me that underwriting cannot app...
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Hello Everyone,I would like to know your opinions on what the profit sharing breakdown should be in the following situation:I'm based overseas and I have someone on the ground in the U.S. that will be bidding on my be...
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Any thoughts?
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Anyone rent timeshares? Is the best approach using HomeAway or similar, a local property Mgmnt company or self management?
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I have had a construction crew work on 2 of my properties. The project manager and I have similar interests in flipping and/or rehabbing rentals.I like the level of professionalism from him and his crew of about 5-8 p...
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I'm looking at an REO townhome that is currently priced at $100,000. Rents are about $1200 in the area and the homeowners fee is $50 per month with property taxes at $175 per month. Let's assume insurance will be ab...
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For those actively doing short sales, has anyone had luck getting American Home Mortgage to discount their properties beyond the BPO/Appraisal?
I have three properties with them now, and on two of them the BPO/Appr...
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Hello,
I am planining to invest in a tourist area, this is my first deal. I have been talking with some realtors who take will rent my appartment to tourist by days.
The reason is that the realtor will take care of...
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I am a newbie and have not purchased my first property yet. I live in Tennessee, but would like to consider using the BRRRR method in my hometown of New Orleans. I was wondering if anyone has experience in this area a...