Mike Becher
Buy & Hold Calculator Question
Basic Purchase Info
Purchase Price: $89,900Closing Costs: $32,101.80 (covered by Private Loan - see below)Est. Rehab Costs: $8000 (covered by Private Loan - see below)Remaining Mortgage: $57,400 (covered by Owner Ba...
Jamia Stevens
What to do if you don’t have enough money saved for down payment?
I’m just starting out and I was trying to get a preapproval letter so that I could know what price range to start looking in. I was told that I should save up $10,000 before I even consider getting a preapproval lette...
Ryan Fatula
Deferred Payment Sale Of Property? Have you ever done this??
Hey everyone, so I'd like to get your input on a situation I have going on with one of our rehabbed properties.
I just received an interesting phone call from someone who saw one of our yard signs at one of our rece...
Fan Bi
Seller Still Occupying Property at Closing
Over the course of the past few months, my wife and I found, inspected and financed a triplex in the Providence, RI area. The final walk-through was scheduled for 9/9/16 at 9am, with the closing at 10am. When we arriv...
Corey Dutton
Borrowers Don’t Grasp Relationship Between the Cost of Money and
Loan borrowers in need of fast loan fundings when purchasing investment real estate, often seek out private money lenders. This is because banks are simply unable to perform under the tight funding deadlines that are ...
Ryan Gillis
Does this contract look okay (contingencies in particular)?
REAL ESTATE PURCHASE AGREEMENTThis Agreement shall become a binding contract between Buyer and Seller effective as of the Sellers Acceptance Date.General Information. The following capitalized terms and phrases have ...
Sammy Marshall
Material Participation Qualification
Hi everyone!
Hope everyone is enjoying their new year. My wife and I are close to closing on our first STR property in Saint Augustine, FL. I have listened to numerous podcasts about being able to prove material part...
John Guerrero
Hard Money Loan Questoin
Hey Everyone,I recently started my first flip in San Antonio, and I took out a hard money loan from Sherman Bridge. I qualified for their 90/10 plan which means the loan is for 90% of the property purchase price and r...
Ryan J. Shope
1031 Exchange into Different States
Hi all,I purchased a 2bd/1.5br townhome in Summerville, SC nearly two years ago and am thinking about selling it and using the capital gains to invest in Seattle, WA, where I'm living. The townhome is currently estima...
Kyle Spearin
Hidden Costs
What are some of the hidden costs associated with buying and flipping houses?