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Looking for advice/options to finance a short-term rental property.Here's the deal:Property: Purchase price $400k, 2yr rental history gross $70k/yr, looking to do improvements $10-15k once purchased. Positive Cash-flo...
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I purchased an investment property using Sherman Bridge hard money loan. I was promised some many different thinkgs than what was actually provided. First, I was told that my downpayment would be 10% of the purchase. ...
I am renting a room in the house I live in to a tenant living well below his means. He always pays on time or early, he's tidy, and he's even handy and helps fix things around the house. Parties have always been a pro...
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I need some advice please.
Northern California landlord here. Tenant couple who are late on rent 9 out of 12 months has not paid at all for April.
Claims it’s because they both are working less or not at all. (Mix...
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My client purchased a home and the Sellers won't move out. Sellers in their 60s and claim COVID19 shut things down in MD. Now they say they automatically become tenants once the sale goes through (I disagreed). I cont...
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I have a couple units we are turning over this month, and I was curious if anyone else is doing additional screening as you fill vacant units given the situation with eviction moratoriums. Some thoughts I had - maybe ...
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Hi everyone!
About to do my first purchase which will be a BRRRR. PP of 55k cash, repairs ~$13k. ARV ~70k. Rent for ~$750. Cash flow around $400/month.
Local portfolio lender (loan stays in-house) I'm talking wi...
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I’ve never used private lending, what would a deal look like if I use private funds. Let’s say I borrow $100k. How long can I borrow it for and what is the average I will pay at the end in % & fees or what are the...
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I've been familiarizing myself with some of the foreclosure auction sites in Palm Beach and am trying to figure out, from the auction site, if the mortgage/lien that is being bid on is the first mortgage, second mortg...
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I need help understanding how to refi a multifamily if its needs no work its been updated and great cash flow. The properties are around $600k to $1.2 million. If it was a BRRRR then I get it however if I have to pu...