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So I just won a house on Hudson and Marshall auction. The price was 206.500. The bank countered 207.600 I accepted. I am using hard money and got approved for rehab 30k plus cost of auction so im all in at 237,600....
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I have an opportunity to provide a loan around 12k with an interest rate of 30%. The borrower has about 200k equity in his home. He has bad credit, and outstanding debts that he needs to pay (hints the loan for 12k). ...
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I hv a house in Dallas, TX that I sold owner finance to a family for 180k.
They put down 20k and financing 160k with me.
My underlying loan is for 110k at 12% for 30yrs. (why so high? Let me tell u the story)
I b...
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We build fourplex properties in Nevada and are changing our strategy from build to sell to build to hold long term. For the construction we use hard money and self fund. At completion we would like to refinance using ...
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Hi, hope everyone is doing well. Would love some advice. I have a couple properties I am interested in purchasing with a partner. We are willing to split the down payment and go equal 50/50, but the thing is he has th...
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My wife and I recently got married but have been living together for the last 8 years. She purchased a house (FHA Loan) that we are currently paying a mortgage on. Her name is the only name on the Deed. We are tryin...
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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $835,000
Cash invested: $195,000
First off we named it Spring Park Gardens. We bought a 4-famil, 5-family, an...
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I am currently trying to expand my rental portfolio to Milwaukee, WI and I am in need of banks that can lend on 1-4 unit properties. I have a lot of experience in owning rental properties in Minnesota (over 50 units),...
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I have a family member who has offered to fund my first house flip, cash. If he was solely used for funding, no part in flip/or rehab costs- what is the appropriate amount (%) of profit would be fair for him to take? ...
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Lets say I find a home listed for $100k, it needs $20k of rehab, but the ARV will be $150k when I'm done. When trying to get a loan, can I get a loan for the $120k so that I have the money to do the rehab.....or woul...