Grand Wally
"Subject To" financing
Hello all...I've gotten a few definitions on "what" it is...can somebody please help explain what exactly subject to financing (taking over payments) is, why it is often a good investment and exactly "how" to do it? ...
Eric Vogel
Workers comp to unemployed: how can I buy my 1st multi-fam
I went from being in a workers comp case to now being unemployed after the case was over. I'm looking to invest in multi-families, but am hearing it will be hard to get financing for it due to being unemployed...looki...
Emily Refi
Need advice, partnering vs. investor to purchase tri-plex?
I am about to put in an offer on a tri-plex for short term rentals. I have a contractor who might be interested in investing or partnering in some capacity... contributing 20k toward the down payment and about 25k in ...
Chanel Oldham
Lease Purchase, Subject to, Owner financing
Hello,
I am looking to get involved with real estate investing in the Metro Detroit Area. I dont have the best credit nor do I have that much of a down payment to get started. I'm looking for ways to get in...
Starr Ango
What should I ask the seller when analyzing the property?
I am looking for my first deal ( leasing option) and I would like to know when questioning the seller about the property what else should I ask besides the common question such as what are the insurance fee, taxes, el...
Tom Tran
How do you evaluate interest rate to determine if the deal is worthy?
Hi guys,I am currently evaluating a refinance with a blanket/portfolio loan to cash out for a purchase of a 13 units...I exploring both avenues for loan; 1) conventional loan via WF which quoted around 4.75-5.25% or 2...
Chris Bingham
Two approaches to increasing the rent
I often give new tenants the option of month to month, 6 month, or 12 month leases. Many people have suggested providing a letter with multiple options when renewing a lease (which I have done a few times) with differ...
Santosh Prabakar
Investment Property - Cash out
Hello,I have an investment property in cedar park, TX which I bought couple of years back with cash. I would like to pull $100K from the property to address some urgent items. I was told TX doesn't allow HELOC on inve...
DaVina Williams
Best Rehab Financing Strategy
Acquired my 1st Investment Prop. It needs some work & I’m trying to choose the best financing strategy. Hard money? Small Business loan? It is held by my LLC so I’ve been told that a HELOC is not an option as i...
Greg P.
Seller backing out of a deal after receving Earnest Money?
Hello all. I'm writing this post because we recently put a property under contract with earnest money down. The seller calls me today and tells me a total BS excuse on why he is backing out of the deal. He says he ...