Will Schwalm
Finding a loan with less than 2 years work history?!!
Hello everyone!I have a question about loans that I would really appreciate any and all advice on! I am finally at the point where I am looking to purchase my first investment property but I am running into a minor o...
Demetrius Lindsey
Lessons Learned From My Last BRRR Milwaukee WI
[Update] Some lessons learned our latest BRRR.
Location: Milwaukee
Purchase Price:$75k
Rehab: $6k
ARV: $115-124k (comps with light rehab)
Rent: $1,100
Bank used for refi: Pentagon Federal
Interest Rate: 3.37...
Sam Compton
Could this be a 3 bed?
Hello all,I am under contract on my first SFH. I am buying a 2/1 1200 sq ft. I am planning on making this a rental. The current owner does not use it as a rental.It was not occupied when I looked at it but it was stag...
Joan Flynn
Borrowing from a friend
Good afternoon,My business partner and I have an LLC that plans to borrow money from a friend to rehab a house and return it upon closing. We have a contract. Do we need to get or file any paperwork with fed or state...
Marci Stein
REO on hubzu - means no liens ?
Did i understand right that if a property is REO, that means there are no liens when sold to highest bidder? Thanks!
Doug Lowery
Fix & Flip
I would like to know what is the correct formula to be used when investing in fix & flip properties.I have read and seen the following and have gotten a little bit confused as to the proper formula I should be usi...
Robert D.
lis penses vs probate in Ilinois
I have a question regarding probate vs lis pendens. The property goes to the judicial sale (homeowner deceased, left balance on the mortgage) but looks like there is a probate involved as well (probate was recorded a...
Candace Ellison
Sought property manager after 7 years of landlording
For the past 7 years my husband and I have managed our properties. As our children have gotten older and become more active in various sports we have found that we are not able to meet the needs of our tenants in a ti...
Isaac Green
How should I calculate sf construction cost for gut renovation?
Hi,I'm reviewing some deals, and one of them requires gut renovation for 5400sf.Usually when I'm calculating construction cost I'm using avg of 150$ per sf, but with gut renovation i'm not sure what number to use for ...
Hans M.
Must I Run Credit/Background check on ALL applicants?
Newbie here. It's my first time screening tenants, and I'm wondering if it's okay to ask for background/credit reports for only the most qualified applicants, according to the information they filled out on my rental ...