Tyler Bushey
BRRRR or flip? I cant decide!
I've got a house under contract and I can't decide whether to flip, or refi and hold as a rental.Purchase price - $95kReno - $45000(estimated guess, meeting with my contractor tomorrow)Loan costs - $15kARV - $215kIf I...
Michael Malzacher
Veteran/Real Estate Agent (First Post)
Hi All,
I have been reading a lot of information on this website the last couple of days and I wanted to introduce myself. My name is Mike and I'm an Army Veteran who recently got his Real Estate license. I'm with ...
David Avila
Debt free investors
I am looking to get advice from any one that started in the rental business debt free. I am saving up to buy property with cash and no partners or investors. My questions are: Was there a benefit to going debt free?Ho...
Jeff Warner
Wrap mortgage / subject to / Owner finance
Hey guys, Here's a deal that I'm looking at and need some advice on how best to proceed...SFH $149K, comps show $170kSeller is willing to take $65k (his equity) and have me assume the mortgage (84k, $650 / mo). He cal...
Michelle Svetlitski
For a mortgage, if you are an employee of an LLC you own are you self employed?
My husband worked an employee for a medical device company for 20 years. In September he opened his own company to become an independent distributor. At that time we did not consider the implications it would have for...
Mark Graffagnino
Paying A Seller Post-Closing
I've got a potential unusual situation on a deal. i had an offer accepted on a vacant house; owner is in default on the loan and way upside down. The lender told him "make us an offer" to buy the property outright....
Henry Clark
Self-Storage, Country Subdivision, Contractor Flex, Belize - What If?
Well, its Labor Day. And I worked more today than yesterday.Stopped to watch a couple of youtubes and they got me thinking. Got a notification someone voted for a post I made; they were from New York City. Both it...
Preeti Sharma
House hacking - Owner or family member occupancy
For house hacking on multifamily, can a family member occupy the property as a proxy (children of owner)How do the law ensure owner occupancy?I am new to REI so weighing in various options and thus stupid questions
Darrin Danielson
making my offer stand out when there are multiple offers
Found another single family home for our own family to live in and again, in our search, there are multiple offers going to the seller at the same time. I would like to figure out how to make our offer stand out witho...
Lance H.
How much money do I need?
Hi everyone,
So here is the situation. I have a HML that is willing to loan 100% of everything (purchase, rehab, closing costs, points, interest) up to 70% LTV based on ARV.
My question is, working with homes with ...