I have a duplex in Ft. Wayne, IN that I bought new in 2005 as with a owner occupied 0% down loan at a rate of 7.25%. In 2007 and 2008 there were several foreclosures in the neighborhood and not many comparable sales ...
Does anybody out there know of any contacts at indymac that could get our short sale offer to be reviewed? We submitted 4 weeks ago and were told the appraisal had been done last week but everytime agent calls she is...
Newbie house purchaser here. I'm trying to compile a checklist of the things I need to do to buy a house to determine my all in costs. Here's a list I have so far and general costs for buying a house in Texas.1) Who...
Hello friends!I have a Duplex I paid 30k for, cash, a couple years ago. One side was move in ready, the other needed to be ripped down to the studs. Ive been chipping at it myself for 2 years now but it’s taking me f...
We are looking at developing a city block into several MF units (per city codes). We are looking at way as to finance this new project. What have you found as the best financing for new construction of investment prop...
Hey gang!With the most recent offers I've made, I have the capital to make a down payment of 20% of the purchase price. Not a whole lot of wiggle room though - depending on what it exactly it comes out to, I may not b...
After five long months of inspection after inspection, signature after signature... I'm scheduled to close on my first investment property. I have a few questions.1) I wanted to close (sign the paperwork, specifically...
Requesting feedback from the wise RE Investing Yodas in this forum.Current status: Nearing retirement (3 to 4 years). Current portfolio provides (net) twice the W-2. Will reach three times within five years. I am ...
It is nice to have the equity from the appreciation we are having but the tax increase is killing my cash flow. I guess when looking at the equity on the back end it is still a win but this is making things a bit tricky
My business partner and I are closing a 4-family rehab property tomorrow in Central Connecticut. I will be using this thread to post what we go through on a daily basis. As soon as I can I will get some before pictu...