I have a lead on what seems to be a deal. I’d like to solve the current owners’ problem and hopefully create an opportunity for myself.Property:
Location: Tulsa, OklahomaType: Single familyBuilt: 1999Size: 2,675 SFLa...
Hot investment topic alert: Assumable mortgages and purchasing properties with one. An assumable mortgage is effectively a 'portable' loan. Instead of applying for a new mortgage the buyer takes over the sellers exist...
So I Just listed to Postcast #272 and I learned the 1% Rule of thumb "If a property rents for 1% or close to what you pay for it more than likely has positive cash flow" Your thoughts ?
I was recently approved and received loan terms for a new construction SFR spec loan. I have experience with fix and flip but this is my first new construction project. The interest rate is 12.5%, which is understan...
Would you rent to a 35 year old attorney with 370,000 in total debt? (including 270,000 in student loans whose payments were supposed to start in June.) Person makes about 6000 month with a state job. Rent is 1600 a ...
I have several people that are more like acquaintances than close friends. For the folks that I know well, I have taken the luncheon approach to chat about private money. However for these acquaintance prospects, I...
Up to this point I haven't done seller financing at all, however in order to grow my rental business I think I might need to start looking at it more. A investment colleague was telling me the absolute wonders of mast...
Hey everyone,
For some newbie questions for you and if you can help I would greatly appreciate it!
So let’s say I find a good deal on an apartment complex and I don’t have the down payment. I seek an investors hel...
I'm in my education phase right now and I've determined that I want to start out with an FHA house hack (hopefully a 4 plex). I also have the VA loan available to me. My biggest question now is: After I've lived in th...
Wife and I heard of a potential family-deal, where current Detroit Lakes owner wants to quit the snowbird game and go full-time-Florida. They're basically shutting down after this season, and we heard they wanted to l...