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Hi everyone,I'm working on the logistics of my first future deal, and I'm going to try to go with an FHA loan for a multi-family buy and hold. Most of the info I have found says that you need W-2 forms and tax returns...
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“A property is worth what someone is willing to pay for it”If you can secure seller financing, would it make sense to offer a higher purchase price in exchange for zero percent interest? If you adjust correctly, you c...
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So the 50% rule is taking 50% of the rents and saying that will put towards operating expenses. So what is left is used to pay for the mortgage. So when dealing with an FHA loan and having extra payments like MIP. Wou...
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Hello all,
I have been actively acquiring properties in the central and south Florida market for nearly two years now, but have never dabbled in the "pre-foreclosure" arena as of yet.
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For the short sales guys around, I was wondering if you'd be willing to share some examples of the best hardship letters that you've seen, or those that have proven to be effective.
I know a lot of people are interes...
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Hello all!
I am looking at my first note purchase and am not sure how to determine a reasonable offer. Here are the details I have on the note:
$29,900 Sales Price of property when note originated
$ 1,500 Down Payme...
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I have several friends in the middle of foreclosure and have been watching their struggle to obtain loan mods. It is a jungle out there!!!!!!! I was wondering if you know of anyone who has actually completed a succe...
I, along with my dad and brother are new to renovating properties. We are in the planning stages to align everything to begin renovating our first single-family residence.My dad, and brother are residents of Georgia a...
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Are there really private lenders out there who put up 100% of the money for a deal and only charge interest? Or lenders who will cover down payments? I see multiple mentors preaching this strategy, obviously I don’t t...
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I received an offer for my property where he would pay my equity (300k) then use an "All-Inclusive Trust Deed" to make the payments on my mortgage (900k). He also suggested a 25k escrow account to make up to 4 pay...