Adam A.
Funding for a Tenant Occupied property with no interior access
Hi everyone,
I've recently got a bank owned duplex under contract in Canton Georgia with two tenants occupying the units. The bank is selling it occupied and I'd be responsible for dealing with the tenants after clos...
Mary Eubanks
Flip or Wholesale?
We purchased a 1600 sq ft property, $50K below appraised value, off the MLS. We were going to flip it, but quotes are coming in higher than expected, still should make a 14% ROI. However, if we were to throw it back o...
AJ Wong
Is Eugene a top 5 market in WA & OR ?
Eugene places in Top 5 'Sold Over List Price.'
Not a whole lot to go off of but two of the most recent offers submitted for clients in Eugene had 5 and 6 other offers respectively.
The usages of both escalation ...
Ryan Mackfee
Cash out Refi on multiple properties
Hi I am looking to do a cash out refi on 6 properties, can anyone tell me if I can put them all under one loan or do I need to keep individual mortgages on them.Any help would be great and thanks for you helpRyan
Joy Jones
Buying in my business, selling to myself?
Hello BP, wondering if it's legal to buy and flip a house with my LLC (cash), rehab, then turn around and buy the house retail (after rehabbed) in my personal name using FHA bank loan? I plan to live in the property. ...
Collin Smith
Zillow value is double what I paid!
Last year in September I purchased my first solo investment property. It is single lot with a SFH and a separate duplex on it. I purchased it for $96,000 and it generates $1700 a month in rent, with a 15 year mortgage...
Bryan Hudson
No down payment with "properly" written purchase agreement?
Some time ago, better than 5 years now, I encountered a couple who claimed they avoided the down payment by often taking care of it in the purchase agreement. Their claim, was that they would get the seller to agree ...
Jack Pomerantz
Sell or RE-FI? Looking for best way to free up cash
9 newer condominiums purchased for cash at 40% below appraised value. What is the best strategy to free up cash?Sell off enough units to recoup expenditure?RE-Finance at appraised value?Only 2 units are rented out. ...
Daniel Michael Phelps
Cash out Refi or traditional mortgage?
Between the two scenories, Which one generally offers the better interest rates and lower cost of obtaining the loan when dealing with bank financing? Option 1) Do a cash out refi on a property that is currently paid ...
Nicholas Preston
Bank refinancing question
I went to a bank today and I basically want to perform the refinancing part of the brrrr system. The banker told me I had to own the property for a year before I could refinance at the appraised value of the house. I ...