I'm a new investor and I'm actually looking to relocate to the central Florida area soon, but I'm hearing a lot of negative things about super high insurances (flood insurance and sinkholes). I know that Florida insur...
Good morning and happy Wednesday,Quick background before we get to the dilemma: I am 27 years old, I work as a full time nurse in an ER, I received a small inheritance when my grandma passed away of 100k. I live in Po...
Hi BP!So here's the situation. I have decided to become a real estate investor and am super excited about this journey. I bought a home two years ago here in South Florida (my wife, and 1 daughter) for 235k.We did not...
Hi everyone so not sure if this is right place to ask this but does anyone know how credit scores work? I had purchased a property 10 years ago, walked away from it in 2007 after losing job and at that time bank not w...
Some people say not to invest until you can start with atleast 50-100 units+. Others beg to differ to “take action” even If Its a 4 plex. What is advice to anyone wanting to get started in multifamily investing.
I'm researching doing a wraparound deal in TX. I don't have a lawyer yet, but I already have two pages of questions before wading into something that is new, risky, and unknown territory for me. The question that just...
Today I was informed the seller on a short sale I had been waiting 4 months for, will not sign the approval from the lender. It was a good deal for him, no deficiency or promissory note, just sign and walk away. Norm...
I'd be interested in hearing from members who have purchased or sold properties subject-to existing mortgages. What's the longest time you've kept the existing lien in place? What agreements did you make as buyer or...
I am new to investing completely and I do have a good line of credit and have been approved for approximately a 120,000 loan. I guess my question is centering on the 70% rule and learning how to assess a good deal whe...
I am currently in the process of acquiring my first buy and hold multifamily property. My cash on hand is not enough to pay the 20% down payment for a loan so I have opted to put 5% down with a conventional loan. I ch...