I entered into a purchase contract, my loan fell thru, so I assigned to new Buyer. All contingencies were removed by assignee. Now, 3 days to close, and assignees hard money lender is agreeing to loan $20,000 less th...
Let's be honest we all dread cold calling, my goal is to outsource this ASAP. What are some ways you guys have gone about this for multifamily? Should I hire someone local and give them a percent of the acquisition fe...
BP,I'm in need of assistance again. I'm looking for what form to use to release earnest money funds. Deal fell apart at closing table, and title company is requiring a release of earnest money contract before they wil...
Hello! I really enjoy this sight since it is made up of ACTUAL,SUCCESSFUL , investors. I just bought a house under FHA, i'ts a house I am going to live in. I Have a baby and i'm trying to get it closed before the est...
I have been having people send me address for vacant houses in the area. I was curious as how you all go about paying these people if you close on the property?Do you just write them a check after you close? Is there ...
I know banks wont allow you to seller finance a buyers down payment. Is there anything preventing you from having the buyer put 20% down at closing then after it closes loan them the same amount and put a lien on the ...
Can someone please explain how exactly the fee is received? Does it go on the hud closing form? Can you collect it upfront? When you sign the assignment of contract, do you give the investor a copy of the purchase con...
I am researching getting a HELOC as a vehicle to purchase my first investment. I have about $165,000 in equity and understand I would only have access to about 80% of that. I need help understanding how HELOC works. -...
BP,I'm currently looking into refinancing my primary residence as my rate is high especially when compared to the current rate environment (30-year fixed at 4.75%; bought late Q1 2019).The LTV is still >80% so what...
Investment Info:
Single Family Rowhome Flip in the Deanwood Section of Washington DC
Purchase price: $200,000Cash invested: $91,000Sale price: $400,000
What made you interested in investing in this type of deal?
W...