So the people we bought our first property from last month own 5 other properties. They hinted to us at closing that they would be interested in possibly doing a seller financing deal on at least one more property. ...
Hi y'all, This is my 1st time running the calculator. I would love some feedback to see if I missed anything. Pre foreclosure. The homeowner owes the bank 102K. The comps I found suggest it would sell for at least 3...
Hi all,Newbie here....I was looking at some multi-family RE's. Wondering what is considered a decent cap rate on an apartment.I read somewhere that 8-10% is good...but looking in LA...im seeing some 4-6 unit apt at a...
Has anyone used a cash advance on a credit card to finance a property? We have some high limits on a couple of credit cards with the interest rate being either 0% or 4%. My husband is military and the rates won’t chan...
I am putting in an offer for a 4-unit rental property. I just spoke with my mortgage guy and he is indicating I need to put down 25% since it is a rental property? I thought I could do a 20% down payment?Thoughts?
I am debating whether or not to make a purchase on a single family home or town home property. Wanting to use this property as a rental, my question is whether or not a town home property will be a better investment. ...
I am considering purchasing a property for $700k CASH that would appraise for $800k (being conservative).A few questions:1. How are the interest rates like for Delayed Financing? Are they a bit higher than conventio...
Hello,I have several banks I work with to purchase single family, duplex, and quadplex deals. However for commercial the banks want either loans above $500K or they are asking for a 3 year balloon. The deal I am wor...
First property and I inherited a tenant in the upper. He has access to a washer/dryer set in the basement which is in OK condition. There was a spot for the lower's washer/dryer set too but the owner took it after ...
I'm reading "Rental Property Investing" and Brandon mentions that you should "reinvest cash flow to have interest compound". Sorry in advance for a possible stupid question, however what is he suggesting to reinvest t...