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Hey All! New member here! I searched the forums and couldn't find an answer to this question. I appreciate any advice in advance. I'm closing on a purchase this week with the goal of flipping the property in the next ...
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All,For some dumb reason I thought I could by an investment property with great credit and 20% down to secure a 30 year term. I was told by our Credit union that the max term they will loan is 15 years. Is that true...
CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)
(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)
(some card companie...
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I lent $30,000 from my LLC on a property. I then later lent $15000 in 2nd position from my IRA on the same property. I had to foreclose, and choose to foreclose with the LLC. The 30k plus back payments added up to ...
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I bought my first househack last year, and I am getting ready to make an offer for the second one. My question is about how the DTI ratio is calculated when I apply for the second mortgage. My understanding is that as...
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My partner and I are looking at our first flip. We will be able to purchase the house for around $130,000. It currently comps for around $205,000 (with a range of about $180,000 - $230,000). Barring anything unexpecte...
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I've been reading posts for a while and I'm wanting to get started with my new career in REI. I was about to purchase the $15k course from Renatus, but I've read on here that it may be a scam.
Some of the investors ...
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I am looking at using RentRedi and want to know how others' experiences have been. I do not have a large portfolio and am doing fine managing right now. I am looking to prepare to scale up and do not want to have to b...
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Hi there BP, I am a newbie, no question but I am really interested in REI and I know what my goal is, which is to have at least 10 SFRs by the time I'm 30 (I'm 20 right now). My question is, I know that bank's typical...
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I will create a note during an owner finance sale. I want to partial 15 (out of 30) years payments and also hypothecate it at 50% LTV.I know you guys see issues with this so let's try and talk them out to find solutio...