I'm an optometrist, and I recently purchased a piece of land $326K. I put down about $77K. The loan is for 5 years with an inflated payment at the end of the term.
The initial goal was to build a clinic (instead of r...
Hi! I've been interested in purchasing my first rental for a while, and am trying to educate myself as much as I can on the process. What do you guys think about using my wife's 401k to help with the down payment on...
Question on structuring a syndication group: I live in Ontario Canada. We do not have LLC option in Canada only Corp and LP. I am currently registering a corporation and was wondering if all deals purchased will be un...
I just processed my 310th Deal in the Non-Performing 2nd Mortgage Space. 202 Workouts & 108 Discounted Payoffs. Feeling Blessed and Thankful.
If I were trying to assemble a house-flipping team, what kinds of specialists would I need? I have a few listed below, but there are probably quite a few more I'm missing!
Real estate attorney or(/and?) CPA
Real esta...
What cushion do you look for in your LTV ratio (against a fresh BPO) in the case of a 1st Priority Note? Also, how much faith do you put in BPOs?
I am interested in doing a fix and hold on a property, but I was told I'd have to get a renovation mortgage. It seems simple enough, but I've never done one before. What is the up- and downside?
Hi all,
I'm doing research for my first purchase which I'm hoping to make sometime in the next 12-18 months. I plan to purchase a 2-4 unit property in Chicago and live in one of the units.
Very frequently I see in l...
Hi there, I am wanting to do a brrrr deal and i am seeing some people on here saying that you cannot use a conventional loan and a private loan at the same time. I thought that is how the brrrr strategy worked? My und...
Hello everyone, and I hope this isn’t too long of a post. Let me set the stage by saying I’ve never invested in anything other than my W2 401k so this is all extremely new to me. Most of the jargon is foreign to me, h...