Hi guys,I think I am starting to understand why Robert Kiyosaki always runs to buy a property when he has an income from his business.Please correct me if I am wrong in my example:Lets say a person makes 100K per year...
Is it ever wise to buy real estate cash and have no mortgage? i thought putting the least amount of down and having leverage is the smarter move?
My company purchased a first lien home equity nonperforming note in Texas years back. It took us six months (should have only taken 30 days) to receive the paperwork from the financial institution we purchased the not...
Hey I am wondering exactly how strict banks or lenders are If I was to buy a property cash then refinancing 70-80% of it? I am a server and don't make much a year on file and am wondering if the restrictions are the s...
Hi,
I was just hoping some experienced lenders could shed some light on their experiences of having to take back a property due to their borrower defaulting on a loan. I am curious of how often you have had t...
Found a property via driveby...
Researching it and find out that the owners were killed during a standoff over a year ago(not at the property).
There is a 'LPS' notice on the property. Their website sug...
I received an inquiry for a 5-year lease on a renovated SFH. They are asking for a reduce price in exchange for a signed 5-year lease. 1400 a month instead of 1500 a month. I assume if I do the due diligence and ...
So I started my search for financing a multi family property and was hit with this response:
"You are asking for a 1.9 million dollar loan. You will need at least $380,000 (20%) to put down on the property + loan exp...
What were William Nickerson's key strategies? Leverage and pyramiding.
http://www.youtube.com/watch?v=EzxrxiSFx50
Hi! First time post. Looking for some advice from the community. One of the properties we recently purchased in Charlotte, NC had a problematic tenant. We knew he was problematic going into the deal, and it only to...