Hello everyone,I have recently been looking into purchasing a HUD for my first investment due to the reduced price. I would the opinions and experiences others have had with purchasing HUD homes. Do they make good ren...
My inspection is on December 28th. I have tried finding the answer to this question on the website (durhamhousingauthority.org). If my inspection fails, what happens to the check that should be coming on January 2nd? ...
Hi all!I’ve been watching an REO duplex for some time now. It has been on the market for 110 days and has gone from $132k to $114k to $99k to $88k in that time. Even though our market is climbing. It was not an origin...
Hey Guys,Got about 20k to invest in real estate right now. What’s the best way to do it? Fix and flip?Buy and hold? Which locations? Also what is the best way to connect with wholesalers or agents that can connect me ...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $152,000
Cash invested: $54,392
Sale price: $309,950
The more we do the luckier we get! This was a longer flip ...
It's our first time applying for a commercial loan. The bank is offering 6.5% 15 year loan, where the first five years are fixed, but after that it becomes a variable rate. The caveat is that there is no cap on the ra...
Investment Info:
Single-family residence fix & flip investment in Escondido.
Purchase price: $265,000
Cash invested: $35,000
Sale price: $425,000
We learned a lot by doing most of the work ou...
Can someone explain the process of how the money is deducted viz the HUD 1. Let's say that you are purchasing a house from the bank for 60k, it can easily sell for 115k which you found by using comparable sales. How ...
I'm a newbie in the "learning and assembling me team" stage, and I found a lender who had a loan that was structured for BRRRR deals. Back in early March (pre Covid), details were:Minimum downpayment: 10% of the tota...
My wife and I are looking to take advantage of long-term, low fixed rate financing.
Currently, we hold 3 duplexes and a SFR in commercial mortgages. 20 year note, fixed 3 years at 5.25%
We inquired about refi to g...