Travis Newsome
Buying tax deed properties before tax deed sale.
I'm interested in getting overages/overbid funds. I live in Florida, but statutes make me have to have a degree of seasoning before being considered the owner by the time of the sale. In other words, I can't buy a pro...
Account Closed
Looking for a Portfolio Lender who Loans Nationwide
Looking to team up with a portfolio lender for long term goals. I currently have no loans on any of the property's I own so I would not say I am advanced in exactly how the process works. I am currently flipping homes...
Matt Lefebvre
What rule of thumb do YOU use to calculate maintenance expenses?
I've heard a lot of conflicting advice over the years on how much to "estimate" maintenance expenses for when doing a quick analysis of a deal. I've heard things ranging from "15% of gross rent" to "$2 per square foo...
Shane Clevenger
Hard money loan amounts?
Do hard money lenders loan on just the wholesale purchase price, or do they loan on the amount needed for rehab as well?
Thank you
Nathan Auclair
Cash to close -how do i minimize this?
I recently bought my first multi-family. I offered 7K above asking, minus closing costs. Still, I had to bring over 8k to the table for "cash to close". Is there anyway to mitigate the amount of cash you need to bring...
Chris Laino
Am I missing any expenses in my analysis?
I'm working with an all-cash buyer and helping him do an analysis for a flip, but I want to make sure we aren't missing any expenses (or have them in the wrong category).Fixed Costs:1. Purchase Price2. Taxes3. Insuran...
Michael Lauther
Lenders minumum loans
What is the typical minimum loan offered on 1 - 4 family homes ( will be owner occupied) to low and moderate income home buyers? what credit score would they need? what down payment would be required? Does the amount ...
Kole K.
Mortgage Insurance Premium refund
Advice needed on how borrower should proceed with collecting overpaid Mortgage Insurance Premium. FHA loan met 79% threshold as of September 2016 and borrower requested cancellation of MIP payment early 2019. Amount o...
Michael Kevorkian
Avondale 2 Unit Fund and Flip
Investment Info:
Small multi-family (2-4 units) other investment in Chicago.
Purchase price: $300,000
Cash invested: $60,000
Sale price: $375,000
Purchased off-market direct from owner. Tried to ...
Christine Smith
Private money lending question for beginners!
Hey all!Getting ready to buy our first BRRRR. We want to used our saved money for our primary residence purchase (a house hack) but I’d also like to get another multiplex to BRRRR. When looking for private money, is i...