Kyle Richter
70/30 purchase
I've been working to purchase a forclosure. I've had good sucess with the bank that owns the 30% loan...I can buy that loan for a good deal...If I do that...do I own anything? I haven't got the bank that owns the othe...
Billy Rogers
Out of cash for rental property acquisition
I currently have in addition to my primary residence which has little equity a rental worth $115k and owe 60K and another rental worth $25k with no mortgage
I have cash to cover repairs and my own personal emerge...
Jeff D.
Escrowing Insurance/ Taxes & CapX Reserves
Hi all,Been doing some research about the multifamily closing process and was wondering the following: Do your escrows for Insurance and Taxes come out of pocket? Or can they be included in the loan amount? How about ...
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
Faysal Alam
What's the best loan for me ?
Hey everyone ! I'm looking to buy a multi family here in NYC , I'm trying to do a house hack where I live free or close to it. My dilemma now is I have people willing to cosign me , but they will not be occupying the ...
LeJon Ratchford
Lease option a Rehab! Good or bad?
I was contacted by a lady who is moving out of state. Very motivated, she plans to give the property to a non profit organization if she doesn't sell. She is willing to do a Lease Option. My question is if I found a t...
Anthony Bratina
House Hacking in Northern Colorado
My wife and I are looking to purchase our first home in Northern Colorado. We want to purchase a duplex, fix it up, and move out after a year or so and make it a rental. I have a few questions regarding this:
1. Is...
Jorge Leon
Tenants in a 4 unit multifamily, what are our options?
Hi all.My parents are looking to purchase a 4 unit near their primary residence. 3 of the units are rented and one is vacant. The tenants have the right to stay until their lease ends correct? At which point rent woul...
Tom Hertel
Slightly OT: How much money would you have to make...
...per hour (or per year) at a "regular" job to believe that your time spent doing REI buy and hold would not be worth your time? And if you have a number in mind, would that number change if you really liked or reall...
Raymond M Dalida
Help with my first deal
So I've got my first deal negotiated. Going to an attorney to get advice and contract but was hoping to get some insight before I go see him so I'm not flying totally blind. Out of state homeowner wants out of her hou...