Alex Heidenreich
What Metric is your "Go-To" at-a-glance analysis for deals?
I typically look for the 1% rule based on ARV and an all-in investment of less than 75% ARV. Those are the most important metrics to me. What about you?
Steven Blanton
Help---PML wants 80%-20% split!!!
Hi,I am a new investor and actively looking for deals. I have researched some of the HML's and didnt' really like to percentage of "skin in the game" that is required upfront. So, I decided to go the PML route. I a...
Mindy Jensen
Att: Traditional Lenders - Question About Due On Sale Clause
I always thought that when you transfer title, you trigger the due-in-sale clause in a traditional mortgage.I see questions time and again from investors who want to transfer ownership of their residential property pu...
Ivan Jouikov
Anything illegal in this scheme?
Long story short:
- This guy, call him "Yao", bought a house for $400k a few years ago
- For whatever reason he wants to get out from under the mortgage but he's been making all his payments. His credit history is b...
Armando P.
How Much Personal Information Do I Share with Existing Tenants?
I am closing on a new duplex in a few weeks. The property has 2 existing tenants that recently extended their leases in July. I want to make the purchase transition easy, seamless and not scary for them. I have two in...
Bill B.
OK.....now what???
I've partnered with my mentor to purchase my first NPN. The purchase is now complete. It is a first position note. I'm very satisfied that the purchase price of the note is around 40% of the current fair market va...
John Heasley
Should I take a pay cut now to potentially earn more later?
Hello BP! Full disclaimer--I'm borrowing a friend's account as I'm discussing a job switch, and I don't want this information floating around the internet with my real name on it in the event that someone from my curr...
Max Briggs
Tax Advantages in real estate
I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses. I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...
Lucas Mills
Some questions about getting my real estate license. Worth it?
I am looking to obtain my first investment property sometime within the next 6 months. I've already been through the process of making an offer, but I ended up backing out because the property was in a flood zone and ...
Account Closed
$30,000 homes
So I'm from Los Angeles and thinking about investing out of state in the near furure. Just looking around on realtor.com I'm amazed to see homes listed at as low as $30,000 this has me wondering, can one finance these...