Jaden Zubal
Seller Financing down payment
Hi Everyone,I am currently looking at a deal for a 14 unit complex that has a seller financed note and the current owner is offering an additional seller finance to close the deal. He is asking for 6% interest on his ...
Daniel Lang
Analyzing a Market
Hi all,
When starting out, what is the best way to analyze a market? What are the things I should be looking for? What are the tools that a new investor can use?
Tanner Webb
Making the jump to a second property
Hey all, Thank you for taking the time to read this and help me out. My wife and I purchased our first property two years ago in Salt Lake City for a good rate at 4.29%. We spent the last year remodeling the basement...
Ken Rishel
Chattel Lending on Manufactured Homes and SCRA
This is an excerpt from a client report:Many chattel lenders are under the impression that SCRA does not apply to them based on materials published by HUD in which HUD disclaims any authority over the chattel lending ...
Kevin Escobar
Best way to access equity to buy more properties.
Hey Everyone. My wife and I currently have over $700k in equity across our 5 properties. We were able to fund the down payments for these properties all through our personal incomes. Our goal is to continue to expand ...
Kirk Gore
What to do when your lead is underwater on their mortgage
I just received my first call from my direct mail campaign. The lead is an out of state absentee owner who owns the house as a rental and is underwater on his mortgage. He bought the house in 2007 and said if he tried...
James McGovern
Why are the number of fees for a loan growing?
Looking for a loan and am curious if all lenders have resorted to creating a laundry list of fees. Some of what I am seeing are:- Legal Fees- Underwriting Fees- Corelogix and other data feesWhat's next - Fees for if y...
Marco Calderon
Unique deal with seller who owes more than property value
I have a seller that owes too much on his loan for a SFR-rental (in Chicago, IL) that brings in $1500 monthly via Section 8. The problem is he bought in the RE boom in 2008 and owes too much. He does however have a 40...
Chris Mahoo
Long term rental when you are not full time real estate professional
Hello community,I have researching on benefits of long-term rental, and a bit stuck on requirements to be full time real estate professional (the 700 hours) if one has to be able to take tax advantages. If I cannot ge...
Siobhan D.
Sell and Buy x 2? Newbie Question
Hi All,My husband and I purchased our first home 20 months ago and through either brains or dumb luck it has turned out to be an excellent investiment. It was a foreclosure in a nice area that was listed as being in a...