Paula Styles
Newbie needs advice on how to handle this deal...
Not sure how to handle this situation… I was contacted by a fellow investor who negotiates short sales with banks wanting to know if I would like to do the following deal:
SFH
Price to me: $159K
Repairs: $30K
ARV: ...
Roy Mitle
Rental ARMs vs 15yr/30yr
My mortgage broker is saying that the rate on rental Fannie Mae ARMs is very bad compared to 30yr/15yr fixed. While the latter is only 1/4-1/2 point above owner occupied house, the former is 1 point above.I am looking...
Eric Bilderback
Underwriting an old and I mean old home
Is there a rule of thumb for an old place built in 1900. Right now I am using 8% for Repairs and 8% for Cap Ex. What do you guys think? The place is in good shape considering the age. But I am nervous about the ag...
John Blythe
Owner Financing
hey all,happened upon a very low-cost property that the owners have free and clear. they've been living in one side w their mother in the other unit for twenty some odd years now and are moving to a new house. they tr...
Austin Bright
Estimating big $ repairs
Being in the market for my first house hack, I'm a little nervous on how to estimate the cost for big $ repairs in DFW. There are so many variables..... Is they answer to spend a couple of hours learning about the age...
Ryan Pleasant
Appraisal denied due to "structural" issues
Attempting to buy a duplex. Planned on signing papers on the 26th of February. Appraisal just came in and they denied it because in one of the units the livingroom ceiling is sagging and crack slightly (just the drywa...
Shawn L.
What's the best strategy for a home w/ high back taxes?
The property has an ARV of 128.5k, there is no mortgage but back taxes approx. around 70k with about another 3-4k in repairs. I'd like to find the best strategy for placing buyers in the home who would be willing to d...
Chris D.
Newbie Buying First Property - Yes or No?!
There is a bank owned house that is at $110K. It will need about $35K to fix (new siding, plumbing, kitchen, all interior paint, misc. repairs). It will also have to get financed through a 203K loan which means the...
N/A N/A
Looking for financing - perfect credit but not much cash
I'm curious as to which sources should I be looking at for obtaining financing on my first flip. Fortunately, I have excellent credit (765 fico), but my meager $60,000 salary doesn't leave much left over after paying ...
Jeff Hill
Wholetailing, Sub to, Assignment fee
New investor that needs help! I need to know the differences between the three, how to analyze a house for repairs to know the cost, and how to sign a contract. Any advice is helpful