Gursewak Singh
Investment advice Needed
Hello All, I am starting out into Real Estate field investment side. I am 35 year old, own a small biz & also I am a Realtor in Texas. I need some advice regards to BRRRR strategy.Here is the info:My primary re...
Donald Lisiecki
Using Private Money with a Conventional Loan
Curious if anyone has found a way around this rule from the banks - Our bank will not allow us to use "gift money" for our 25% down payment on a conventional mortgage for an investment property. However, my in-laws w...
AJ Smith
House Fishing [Deal Analysis]
PROPERTY INFO
Property Address
1904 15th Ave S. MPLS 55404
MLS#
5575498
Number of Units (Duplex, Triplex, 4plex)
4
Crime Rating (Low/Medium/High)
High ...
Jason Lovemore
Can I refinance a hard money loan?
So, here’s the scenario. Over a year ago I was feeling very ambitious and purchased 3 fixer-uppers, in 3 different states, all using hard money loans, with the same lender, @ a rate of 12.99% with a balloon payment in...
Greg Koszkul
Purchasing a Single family with a line of credit?
What are your thoughts on purchasing a SFH with credit? This would be using credit for the down payment rather than cash. For someone with limited funds up front, what are the negative impacts this can have, assuming ...
Kevin Sapp
Providing a gentle reminder to a lender
I'm working with newbie rehabber, providing a small loan to purchase an all brick including basement 2000 square foot SFH in a decent small neighborhood. Term on the note is 1 year and started October 2013. First pa...
Joe Austin
Potential 5 year Seller finance deal
2 Family Building RentMortgageOther ExpNet Profit 1st Floor - Taxes 1,124 2nd Floor - Insurance 292 3rd Floor 1,500 Heat - 4th Floor 1,550 Water&Sewer 150 5th Floor 2,800 Electric 100 S...
Mack Keyvani
Can we deposit money into the escrow account from multiple banks?
Hi,My brother and I have a property under contract and both of our names will be on the deed as joint tenants with rights of survivorship. Each of us will be providing half of the down payment. However, the loan will ...
Jonathan Louie
Downpayment vs Cash for Rehab and/or Future Downpayment
My wife and I are having a hard time figuring out how to weigh the use of capital for future costs vs our monthly payment. Liquid cash on hand is not a problem for us now, but we need our monthly payment to be managea...
Ishmael McClinton
Oakland Rent Control
I refinance out of my city of Oakland first time homebuyer loan which made my mortgage payments go up. I raised the rent accordingly try to keep up with the mortgage payment. Am I in the right for a Fair Return? Tenan...