Ryan Boggs
Looking for Rehab Money
I am buying a house with cash from a heloc that I have out. And planned on getting a small bank loan for 70k or so for the rehab. Any better ideas for acquiring the rehab money? Bank loan would be 9%-11% or so. Just f...
Steve Sauro
Off Market purchase - advise/experience request
Hello,
I'm looking to make an off-market deal on a condo in Delaware. It is tenant occupied and I will keep the tenant. The property will initially have a small but positive cash flow.The seller is willing to sell ...
Account Closed
Are you making this common mistake when submitting a HML request? Here's a tip...
Here's another tip for working with hard money lenders. Follow the submission guidelines the lender has put in place. Give the lender a complete submission using the guidelines but don’t go overboard with the informat...
Tim Phillips
Initial details from seller/agent
So I have started to analyze rental properties, to find them using the general sites like loopnet, realtor, Zillow, etc.I have an agent I am working with, but it's mostly me just passing info through them right now. ...
Frank Lewis
Reluctant Seller?
Hello BP,I am attempting to acquire my first property and I would like to get some opinions on the situation at hand. I will be using an FHA loan to finance this deal. We are currently in escrow, and have had the prop...
Eric Tan
How did you find your Niche?
Would anyone want to share how they found/stumbled upon their niche in REI? I would like to hear your stories and what it took to adjust or pivot from your initial real estate investing plan if any.
Account Closed
Lower Rent for Longer Lease
Hi all!I was just wondering if anyone has ever given a break on monthly rent for a longer lease agreement. If so how much is reasonable? Typical rent for a 12 month lease would be 1,100. What would a good price be for...
Matt Ferch
Driving appraisal value above comps
Hi you guys -- how are people driving appraisal values above traditional comps? I'm seeing this happen -- four family is purchased for $180-$225K and following a very good rehab, appraises/sells for $400-$450K in an ...
Mathew Campbell
Using HELOC to buy first investment property
Hi all,I'm looking for feedback on my investment strategy, and maybe some insight as to where I haven't given enough thought. My wife and I own our home (no debt) and have available equity in a HELOC. My plan is to us...
Andrew Peterson
House hacking someone else’s rental?
How can I go about signing a lease on someone else’s rental. Then rent out each of my rooms individually with leases of my own for my renters to sign?