Dave Jones
Earnest money check bounced and buyer backed out
I'm selling my house FSBO and the buyer gave me an earnest money check made out to me. For whatever dumb reason, I held it and didn't deposit it for a few weeks.Right after I attempted to deposit it, the buyer backed ...
Christopher DeLucien
Secured Personal Loan for Downpayment. Yay or Nay?
I'm trying to open up this discussion in terms of both good and bad...After speaking with a few people and lenders on acquiring money for a down payment on a multifamily property, a secured personal loan came up as an...
Randy Difani
Long Term rental financing
Hello all. I'm in an interesting situation and need a new perspective or two.I'm under contract on two duplexes for $25,000 each. They are both fully occupied and will net approximately $12,000 / yr total.I have gone ...
Carmen Lewis
When to reach out to homeowners?
I have a list of properties that I've been looking at and researching. I feel like I want to reach out to homeowners to see if they are willing to sell, but I have cold feet. Is it better to get financing in place fir...
Susan Franke
Preapproval letter for multifamily w/ contingent rental income?
Mornin' folks. I read that its a good idea to get a pre-approval letter to shop around for realtors and so sellers know I'm serious about buying, but how does it work when the approval is contingent on the individual ...
Tramone Russell
How Do I Start Investing With Little or No Money
Life has been taking its course and has now led to a desire to begin real estate investing. So far I have been doing a ton of research to find how to get started. In my current situation I have no money to put towards...
Tarik Sapp
Wholesale deal or creative finance
Can someone please answer this question I’m just starting out!!Came across a property it says “Great flip or hold opportunity”“Rent 2300-2500”“Arv 492k”“Asking price 379k (obo)”“Property is move in ready”How do i go a...
Kelsey McCabe
Return Rate Confusion
Hey All,
Would someone please be kind enough to explain how return rates and capital growth work in rental properties, and how modification that are out of character affect them? This isn't for anything specific, I'm...
Angela Schoenborn
Duplex deal or no deal?
My husband and I are trying to begin real estate investing. We would eventually like to have several of our own properties to rent out. We recently went for the inspection on our potential property this past Monday. T...
Account Closed
BRRRR and Limited Partnerships
Hello everyone,
I've been in the game for about 3 years now and my primary business model is BRRRR. I have a very common milestone, I believe, which is to generate enough passive income to leave my W2 job. About two ...