So how exactly do you vet Private Money Lenders when “Private” is their First name?? Let’s be clear, I’m not talking about Hard Money Lenders who are somewhat regulated by your state or local real estate boards. Inste...
Do all hard money lenders require a reserve? I've just started talking with a hard money lender and they want at least 20K in reserves before moving forward. They claim it's standard. My credit is good, my debt-to-...
Hi fellow Baltimore folk,I'm having trouble deciding how to try and approach financing a first deal, bear with me while I lay out the situation. I currently own a home in 21224 for about 3 years, the first 2 years of...
I'm the real estate guy in my group of non-entrepreneurial friends. I get the "hey you got any houses?". And I say no. I don't have any for them. As a wholesaler I mainly sell to cash buyers. I asume lease option woul...
we are separated and want to purchase a smaller property than our current home. VA is denying due to the fact that i will be moving to a smaller home and thus their underwriting team thinks i want to buy it as an inve...
I am planning to visit my rental property (out of state) and meet with my team (agent, property manager, etc). I know that the mileage (I'm driving) is fully deductible, but are all meals also deductible? or only the ...
I am looking to take a leap of faith into a property. Does it sound like a solid choice to be a long term hold. It's in a class C neighborhood at best.Property has 7 units all rented with good history. Property is ...
I am new to this forum but see that a lot of people get great value from it. I am interested in getting started in real estate investing, but I'm curious if my thoughts are correct. My thoughts are to purchase a duple...
I am wanting to make sure I understand this situation properly. Greatly appreciate the replies!During my home ownership, I have seen significant gains over 8 years. Lets say I want to purchase a new home to live in an...
Hello everyone! I'm a recent high school graduate and currently working on obtaining my real estate license. I live in a slightly more expensive area (Salt Lake City) where a duplex may generally go for around 250k+ ...