Christian Hutchinson
If a take out a Home Equity Loan
I had a disaster flip this year.Left me with lots of CC debt.My primary home is FHA with mortgage insurance.My current LTV is 65%, with about $85K in equity.I was offered a Home equity loan at 4.6% for 10 years. I wa...
Griffin Smith
Former Dry Cleaners- Pollution Risk?
I am considering purchasing a building in Florida that used to be a dry cleaners. It stopped operating over 5 years ago, but it still has to be tested for potential pollutants. Nothing has come up yet, but I'm concern...
Joe DeLuca
Offer Accepted (Triplex Hack), Recommendations & Questions
Hey Kids,Starting my Due Diligence period for my first deal, owner occupied Triplex (two structures, Duplex & SFH on property) in Hunterdon County, NJ. Checking if anyone knows any of the below professionals that ...
James Sizemore
My first rental purchase.
I'm negotiating on my first purchase. I'm making an offer of 95K. It's a two unit rental. One renter's lease is in place until October and the other renter's agreement is until AUG. Both units rent for $680/mth. I can...
George G.
Question about 24 unit building in Houston
Hi guys, my partner and I have submitted an offer on a Class C, 100% occupied building. 1969 built. Roofs done in 2003. The NOI shown to us (without insurance) was $125k. The asking price is market. We figured about 4...
Bryan Lutz
Closing Costs on a Cash Purchase
Hello All, First post here. What are my required and optional closing costs in a all cash purchase offer. Title company feeTitle insurance (usually seller)Inspection (optional)Attorney fee (optional)others?Thx
Quincy Adams
My first multi family duplex BRRRR
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $50,000
Cash invested: $50,000
Duplex, one unit that needs a rehab in the kitchen and bath, a budget of $2...
Daniel Villanueva
Duplex deal worth it??
Hello all,Putting in an offer on duplex- would love feedback! Rate will be approx 6%162K Total, DP 24.3 K which is 15%, seller pays all closing costs. (30 year conventional loan) Both units are completely redone. i wi...
Jarrett Mel Williams
First Property Under Contract
Hello,I just was able to get my first property under contract in the midwest using hard money lender. I am set to close on July 1st with no contingencies on a SFR. What due diligence do I need to perform? I am looking...
Brandon Beale
Live in Flip
Hi BP! I've been studying up alot lately on using FHA insured mortgages for investing. I gotta admit I've learned some pretty nifty terms... like "House Hacking." There's been tons of awesome advice and ideas coming m...