Robert Mayo
0 income, have cash, fico 800 - loan possible?
As in the title, I have no income but I do have cash. Do you think I could get a loan at a reasonable rate, or am I limited to cash-only deals? It would be nice to utilize a little leverage. My FICO is around 800.
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Jingmin Zhang
When general contractors stopped working, what should I do
Hi all,I have a situation that I really need everyone's advice on. I bought a flip in Maryland a couple months ago and hired a licensed Maryland contractor for the reno. It was supposed to be completed at the end of M...
Ron Steele
Newbie Seller Financed Deal
Is this a sound investment strategy?
Acquire a building . We get a hard money loan for 50%-60%. We then ask the seller to carry a note for the other portion. Of course we will have points and other costs. We then...
Channing Huntington
Split 121 tax exclusion and 1031 question
I am in a situation that seems well-suited for a home sale with capital gains that are split between the section 121 primary home capital gains tax exclusion and a 1031 exchange for rental property:
Spouse and I ha...
Kevin H.
Is the "2% rule" a valid way to identify properties in expensive markets?
As a new guy around here, I just read the "Ultimate Beginners Guide" to real estate investment. One thing I found during my reading was the 2% rule of thumb for evaluating properties. This rule suggests that monthly...
Jason Harty
Contractor that wants out of the Construction game!
Hey everyone! My name is Jason Harty and I have been in residential construction for 17 years. I started my own company 6-1/2 years ago because my back was against the wall and its a skill that I possess. The past 2-1...
Taylor Burns
Realistic First Multi-Family Apartment Purchase
Hello BP!
I am working on building my specific criteria for what type of multi-family deals I want to focus on. I am looking for feedback on what number of units is realistic for a first time multi-family purchase. ...
Stephen Groves
Zero Cash Flow for Zero Money Down??
Would you take a deal that results in zero cash flow but doesn't require you to put any money down? I have a 4-plex that I am considering buying from the owner. He has offered to finance the deal and I have negotiat...
Christopher Moss
Wholesaling vacant land
If I am trying to wholesale vacant land from people who are behind in taxes(preforeclosure) what needs to be on the contract? And do I need tobgo through a title company to get the deed?
Stephen E.
Tenants!
A rocky day dealing with tenants. First we deliver a replacement stove to a tenant whose stove had a bad burner. In pulling out the old one we discover that the tenant has stuffed plastic carrier bags all through the ...