We recently moved to Southern CA. I wanted to get an FHA loan, put 5% down and purchase a multi-family in Pasadena, CA. I broke out my spreadsheets and WOW - I can't seem to make any scenario actually work, even to b...
As I understand it a bank will loan 80% to the investor directly, and then the seller takes out a 20% loan to finish off the remaining amount the investor couldn't muster up. Is this correct, and if so how would th...
Selling a house and agreed to terms with a buyer *pending inspection report*. We got the inspection report back and boy... that inspector nitpick. The microscopic distance of the attic vent, insulation spacing, the sm...
So I found a property that has SERIOUS potential. The duplex is owned by an elderly couple, both of which were moved into a home and this is an estate sale. Asking price is $27,900 and assessed value is $19,800. The h...
I am looking at making an offer on a property in Batavia, NY. It's a 2900sq. ft. 5bedroom, 2bath in a so-so area. The comparables are from 70k to 90k. I am looking at living in the property for around two years ...
So as I evaluate multi-family properties in areas that I would like to purchase, it always seems like they are WAY overpriced. Maybe I am doing something wrong, so I am looking for help.
Here is an example pr...
In the very first real estate book I ever read, "From Janitor to Multi-Millionaire" by R. Mike Weese, I learned several methods for buying property with no money down, aka creative financing. There is one method in pa...
hey everyone,
so i went to go see a property in jersey city, NJ on sat. It was my first walk through with a property. It was an amazing experience for me. But I wanted ...
I've been looking for a deal on a fix and flip in my area, but it seems like everything I look at either costs too much or needs too much work, or both. Should I be doing something other than searching Zillow for deals?
We closed on a property in April. Our lender just reached out and informed us the FHA is refusing to insure the loan. This means our lender is kind of stuck and the loan is going to stay on their books. They want th...