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I purchased my first rental property at the end of December. It was a foreclosure and I purchased it from the bank with cash. At the closing I received a credit for the sanitation bill. Now 2 months later I receive...
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My name is Nicholas Monge, originally from Brunswick, Maine. I'm a "Cyber Analyst" currently living in Honolulu, HI. A little background: I've bought two SFH with no intentions of ever becoming a real estate investor....
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I recently quit my W-2 Job an am now having difficulty being approved for even a small conventional loan and looking for advice or tips. The details: I own 4 rental homes that are fully rented and together they cash f...
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What sort of qualifications does a local bank typically look for when generating a portfolio loan?
Here is a hypothetical scenario for the borrower:
Assuming the loan is against a 2-3 family rental bought with cash.
...
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Hi, I'm in California and the property is located in Georgia. (My mom lives in Georgia so I have someone that help out if need be. I plan on using a property manager.
Here's the scenario. The deal I have is an avera...
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I just read an article about a system called the "Purchase Option" system. Basically, you find a motivated seller and offer to lease their home for a number of years and then have the option to buy them out at the en...
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Fellow Investors,
I'd like to obtain a line of credit against the equity in one of my investment properties. If you've pursued a line of credit against an investment property, could you please share your exp...
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Hi all! My name is Chris and as mentioned I am in the St. Louis area, specifically O'Fallon MO. Currently employed with the city as a commercial and residential inspector and plan reviewer, and can build or fix about ...
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Hi all, I am on my way to save $100,000 in 5 years and wanted to know about what the mentality of a successful real estate investor should be. My dream would be to form a partnership each contributing $100,000 for a m...
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I am wondering how can an agent list a property for a bank? all the REO that I find are already list by agents. How does it work?
thanks