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In continuing with my “HOW TO” series I thought I would post on a topic that has reared its head again lately – the notorious “due on sale” clause (key terrifying music). Every few years this will get talked about an...
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Hello,
Is the 20% down payment guideline a fixed rule across the industry? Or, is it possible to get a mortgage on rental property for a smaller percentage down payment? (maybe 5-10%, or even *gasp* no money ...
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What are the high w2 earners doing to get started in REI? I see folks barely touching 100,000 earned annually securing financing. I am earning closer to 200,000 annually, is there anything I can do to leverage that in...
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And the profit margin was acceptable and I have to say these guys were an absolute pleasure to deal with. I want to sell them more and have to find ways for these folks to get financed on small investment properties ...
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Hey Team, My wife and I are teachers/trainers and novices when it comes to real estate. We own two properties (1 rental and 1 primary residence) in one of the hottest real estate markets in the Bay, San Jose. Wanting ...
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I’m looking to buy my first BRRRR strategy, it’s also going to be my first home while we remodel, I don’t have a lot of cash saved up for the down payment/closing costs. I was just curious if anyone could give me a li...
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I recently financed a deal using Hard Money with the typical LTV 80% and they cover 100% of rehab. My question is "Is it standard practice that the Draws are on a reimbursement basis?" This totally messed up my calcul...
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Hi All!
I have a few potential deals in the works and with the way the numbers work - after mortgage payment, taxes and insurance, I'm pretty much breaking even.
The thing I'm banking on is somebody paying down my m...
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Im in the process of getting a distressed duplex (small fire) that someone has started to flip. Its been sitting vacant and costing him money so I called and pitched a low cash offer and then a higher seller financing...
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My business partner and I rehabbed a house in Texas beginning in April of 2014. We basically were helping a lender out because he made a loan to a person who couldn't finish the property he borrowed on. We were trying...