Appreciate any advice... I was fortunate to pick up a great property in Leucadia, California in 2001 which will be worth about 5M after I complete ADU's on property. NOI will be great on this property at 16.5K w...
Hello all,
We are looking to use the DSCR loans for buying our investment property. We were told about the prepayment penalty...now I do have a general understanding of what the prepayment penalty is...are there any...
I’ve been doing a lot of reading, following forum discussions here, attending MeetUps and trying to network. I live in Los Angeles but just can’t convince myself that I can 1) afford a decent duplex / triplex in a dec...
How many of you are aware of your personal balance sheet? While, I don't worry about pennies, I do track my balance sheet.
A personal balance sheet is slightly different than a business balance sheet.
Major Elemen...
Overbidding is the opposite of being a conservative investor. It happens when you buy above the market rate, compared to similar properties in the same general area. Another telltale sign of overbidding is when you pu...
So I found a property that has SERIOUS potential. The duplex is owned by an elderly couple, both of which were moved into a home and this is an estate sale. Asking price is $27,900 and assessed value is $19,800. The h...
The facts are straight forward:
1. I bought a Home Equity Loan in foreclosure. It was in the first position because a subsequent 'first' loan did not have a subordination agreement recorded. I received and recorded t...
Hello BP !!! this might be a bit long but please read along and help out a fellow newbie investor. I am in the process of obtaining my first flip deal. The seller's realtor has been in the business for 20+ years, ther...
Okay, what am I doing wrong here?
I admit, I am fairly new to the Real Estate field, I began maybe 6 months ago with wholesaling, which is pretty straight forward. I found that it lacked a large enough custom...
My mortgage broker has convinced my husband to spend on some improvements in the house that we have a contract on,, so that it would appraise correctly and help him get approved for the loan. I am not so convinced ...