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My banker says it doesn't matter what the closing date is, but it seems to me that closing at the beginning of the month would allow me to use current month rents to reduce my out-of-pocket cash needed at closing. Am ...
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It is to my understanding that if I found a great deal on a property I could negotiate one of two outcomes with an investor.1. If the investor's goal is to wholesale or flip the property I would state in a written agr...
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Hi Everyone,Still relatively new to REI. My question is, if you know how much someone owes on their mortgage and they are in pre-foreclosure, generally, what would you initially offer? Would you offer what the same am...
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Hello! I am a new Bigger Pockets member and have spent days combing through the site /reading everything I can! :) I live in the fastest shrinking city in the Midwest so most of my focus right now is narrowing down...
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If a seller is offering seller financing but wanting a larger down payment like 40%+/- of the PP, are there loan options out there to cover that down payment? Thanks for your advice. Seller financing is appealing but ...
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What is the best resource for rental vacancy rates data? by town/neighborhood paid or unpaid resources are cool
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Hi BP,I have a passive investor interested in partnering with me on next deal. I buy distressed multi-family, rehab, and rent. I'll be finding the deal, managing the rehab, renting, and on going management. The latter...
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Are there any investment focused brokerages and or agents/teams in the LA area that you guys might know of? I'm looking to hang my license up with a new brokerage that had has extensive experience with established inv...
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I've read that an investor would want the cash-on-cash return to be higher than the cap rate. Is this true?
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what is the amount of income you have to have to secure a mortgage loan for 180k? Also what would your debt to income ratio need to be?