Beau Alesi
Looking to buy
Hi so we have one primary residence with about 400k equity and a rental property what about 300K equity. Each mortgage we have about 250k left on. I'm 50 years old and my wife is 44 and we have a 4-year-old. My wife w...
Aaron Thivierge
Closing on 1st Real Estate Investment with questions.
Good afternoon. I've been a member for 4 years or so, but I got distracted for 3 of them. Now, the fire is lit again, and I'm motivated. I have been in discussion with 3 owners of a single family home that has been a...
Rick L.
9yr Arm, 5yr Balloon???
I have made a connection with a commercial lender at local community bank. After speaking with the commercial lender, they're willing to offer the following loan vehicles with as little as 15% down payment. I have ...
Patrick Rabalais
What should my Down Payment be?
Looking to get in to my first deal. Targeting a single family home requiring zero to minimal repairs to rent out. The goal of the property will be cash flow. My thought is to hit a 70% LTV (which makes my down payment...
Jason Hodge
Newbie Working Through Property I found
Good Afternoon,This is a long post, thank you in advance!I think I found what could be a "good deal", but I'd like some feedback because there seem to be sooo many moving parts in a RE deal, and other than purchasing ...
Pat Jackson
What's the "freshest" a note can be to be sold?
I'm becoming very interested in owner financing houses. I've been reading a lot about wraparound mortgages. Now I'm wondering if the wraparound mortgage can be avoided all together. Here's my thought:Do the first t...
David Maupin
Income analyzer
I am new to this forum and have recently starteted my journey on investing in rental properties. I made my own with some help of some books I have been reading and would like to see your thoughts on it. I look forwar...
Darius Lipsey
Considering first duplex deal
I've found a duplex in a great area that has tenants currently and from what I've been told has a great rental history. Seller is asking for around market value around 100k and rents at about 1500. Conservative rents...
Account Closed
Want to be a great wholesaler? Do this.
Put together good numbers. It's that simple.
It's common that in every market, investors have dealt with wholesalers that increase the ARVs and decrease the repair costs in order to make the deal look more appealing ...
Luka Milicevic
Knowing your numbers
Hello everyone,I just wanted to share a quick experience I have had with conventional lenders over the past 12 months. There have been multiple times now that I received a closing statement with incorrect numbers. Mos...