I have a HUD property on contract which expires on 1 Dec. I had 45 days to close. Since this is my third property I chose not to go with a conventional loan. I assumed banks wouldn't want to talk to me anymore. Plus I...
I've learned the individual who sold me a 4-plex on owner carry a few years passed away a month ago. The promissory note will transfer to his only child and he wasn't married. He was a fine, personable older fellow bu...
So I bought my first property and this townhouse already has a tenant in it. They pay 976 and I want them to sign a new lease of 12 months for 1300. Is this a good thing? the townhouse has 3 bedroom and 1 bathroom and...
hello all, i recently landed a WFH job and have around 100k capital for down payment and other closing cost. No debt and live with fam in north jersey. i am not interested in NJ investing as this state wont ever cash ...
Hello, I am 23yrs old & currently saving money to purchase my first rental property using an FHA loan. I have a few years to go but I have been doing research for a few months now and want to be fully prepared bef...
I know most buyers are looking for cash flow properties but what about commercial land that's below market value from motivated sellers that will go up in value. Are there buyers looking for this sort of property?
Hello,
What is everyone's thoughts on using cash vs HML (9-12% with 2-3 points)?
Much easier to make cash deals work (from acquiring properties easier to having a lot more room for margin).
Seems like you are doi...
Here's the scenario. I have some experience with real estate investing (1 foreclosed residential home purchased through a wholesaler in San Antonio, TX, full rehab, rented it for a year, sold it making a $26,000 cash...
I took out a hard money loan for a rehab project. Purchase price was $51,000 and the rehab escrow was $60,000. I've worked with this lender before and the fee is always 5 points plus $2500 with 1% of the loan to be...
Bought first condo on east side of Oahu on a no money down 5/5 arm loan 2.5 years ago. Condos value has increased significantly for a short amount of time.
Financed loan for $379000
Balance is now 360000
Current co...