Craig Dieterich
first deal found! but problem with financing. Need advice
I found a turn key duplex for $50k with renters in place bringing in $900/mo. I pre qualified for a loan up to $300k for an investment property at 4.875% with 25% down. My problem is that $50k minus 25% down is only $...
Rigo V.
Bad time to do a brrr? What about a flip?
Wondering if it’s a bad time to do a brrr? Will the appraisal not be there in a few months? Will the lenders not be there to refi?
flips? Will buyers not want to buy?
Ellie Narie
What price would you offer for this 4plex?
I'm looking to buy a 4plex, and my realtor introduced me to an off market deal. The quad has 2/1 units, each renting at 900 a month, and one of them is empty (so perfect for a house hack). My market is very tight, I l...
Joshua Norwood
Cash out refi on personal residence
I was wondering how I would go about doing a cash out refi on my personal residence. I currently have about 100k in equity in my house and would like to put some of that to good work. I was hoping I would be able to ...
Doug R.
Apartment Buildings
I'm looking to get into my first apartment acquisition hopefully 5-10 units to start. What is the best route for financing with a small downpayment (10-15k,) but very high credit score?
Jason Malabute
mi vs pmi (mortgage insurance)
When lender says, "For FHA loans, there's a 1.75% upfront MI (usually added to loan amount) and 0.85% monthly MI" What does that mean???For example, if the property is worth $559k, $200k down, and $359k loan would fol...
Brandon Mclendon
Making an offer on a Property while Tenants being Evicted
Hey, I have a question for the seasoned investors on here. I am looking to purchase my first investment property in an upcoming area. They have been trying to sell the house now for quite some time, but just recently...
Bill Dodge
Property remains, RV trailer and fish house, after they leave
I am hoping that my tenants actually move out by March 31. However I have little faith that they will be able to get their RV and fish house out by that date. What are my options?
Pilar Jin
Stupid question, but I will ask: is it better to contact as many as possible banks to get mortgage?
Hi Everyone,I am seeking to buy my an investment property to achieve positive cash flow, targeting $250k - 300k SFH. As a foreign investor, I can only get 50-60% down, 2/1 ARM 4% mortgage from the lender finances my f...
Tony Wooten
Start now or pay down debt
I'm 27 and looking to soon start a career in real estate investing (rentals). I have a job that allows me to pay my bills comfortably and pay down a small portion of my student loans and credit card debt each month...