Hi there! My fiance is ready to emabark on his first fix and flip, and he's looking at a Hard Money Loan with Lending Home to finance the purchase and renovation. As you all know, these HML loans come with a hefty dow...
Duplex. 15 years old. 2BR/1.5BA units. 900 sq ft each. Area = C class.Rents: $500/unit for $1,000/month gross.TOTAL INCOME: $1,000/moExpenses: Taxes = $55/moInsurance = $75/moProp Mgmt = $100/moCap-Ex = $100/moOng...
Hi All, I found a good wholesale deal but the statement says "Is subject to HUD guidelines 24 CFR 206.125". What does this mean? Is this a house that can be wholesaled to a flipper?
Here's the quick layout...I have 8,800 sq ft of space that needs new flooring because I hate carpet. I haven't closed on the deal yet but this is something I will do right away. I am using a private lender for the dow...
Just thought I'd share a big win to inspire other investors:I recently purchased a 3 unit triplex in Hialeah, Florida for $270,000. It was below market value for that area and I bought it under rented at $2,600/mo. Th...
Just bought my first rental property (1 bedroom condo) in the Walnut Creek, California area (SF Bay Area).I bought it all cash so I don't have any holding costs other than HOA, and property taxes.At this point, I'm no...
Hi Everyone! I am strategizing my first investment and am tempted to buy a property through an agent for a STR. The home is already rehabbed and ready to go. There are many opportunities in the area for fix and hold, ...
I'm sure the answer to this question will vary by location, but here goes. We are under contract for a duplex with an additional carriage house apartment in Louisville, Kentucky. This will be a live-in flip, and we p...
I am happy to report that the final numbers are in from our first TWO successful BRRRR's (Buy-Rehab-Rent-Refinance-Repeat).Who says lightning doesn't strike twice? These were two half-houses (left and right side of a ...
I am interested in a property. The property is going for $950k and 25% of that would be $237k. We do not have $237k laying around. How do people come up with that amount of money to cover the downpayment? For example ...