Team,Does any of my fellow Utahns know of any lenders that accept a 10% down payment for investment properties?I recently stumbled upon MOUNTAIN AMERICA CREDIT UNION's MACU 90 program that fits this bill (10% down pay...
I am looking at a deal, fully renovated duplex in Frogtown, MN. The offer is $115K, 2 unites with 2bedroom/1 bath and rental is $750 per month. The property has been fully renovated. Would you consider buying for ca...
I had a disaster flip this year.Left me with lots of CC debt.My primary home is FHA with mortgage insurance.My current LTV is 65%, with about $85K in equity.I was offered a Home equity loan at 4.6% for 10 years. I wa...
I am considering purchasing a building in Florida that used to be a dry cleaners. It stopped operating over 5 years ago, but it still has to be tested for potential pollutants. Nothing has come up yet, but I'm concern...
Hey Kids,Starting my Due Diligence period for my first deal, owner occupied Triplex (two structures, Duplex & SFH on property) in Hunterdon County, NJ. Checking if anyone knows any of the below professionals that ...
I'm negotiating on my first purchase. I'm making an offer of 95K. It's a two unit rental. One renter's lease is in place until October and the other renter's agreement is until AUG. Both units rent for $680/mth. I can...
Hi guys, my partner and I have submitted an offer on a Class C, 100% occupied building. 1969 built. Roofs done in 2003. The NOI shown to us (without insurance) was $125k. The asking price is market. We figured about 4...
Hello All, First post here. What are my required and optional closing costs in a all cash purchase offer. Title company feeTitle insurance (usually seller)Inspection (optional)Attorney fee (optional)others?Thx
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $50,000
Cash invested: $50,000
Duplex, one unit that needs a rehab in the kitchen and bath, a budget of $2...
Hello all,Putting in an offer on duplex- would love feedback! Rate will be approx 6%162K Total, DP 24.3 K which is 15%, seller pays all closing costs. (30 year conventional loan) Both units are completely redone. i wi...