Bill Couture
five-family value-add opportunity
Investment Info:
Large multi-family (5+ units) buy & hold investment in Moosup.
Purchase price: $85,000
Five-family purchased out of Bank REO. 1 out of 5 units occupied at time of purchase. Required ...
Bill Couture
5-family BRRR w/cash-out
Investment Info:
Large multi-family (5+ units) buy & hold investment in Moosup.
Purchase price: $85,000
5-unit purchased out of Bank REO. Only 1 out of 5 units occupied at time of purchase. Required ...
Ali Young
BoA REO purchase Requiring BoA pre-approval???
I found a Bank of America REO that is well below market value and want to put in a offer on it. Long story short BoA is requiring that they per-approve before my offer can be accepted. Does anyone have any idea why th...
Matthew Wright
Bond for Deed scenario
With this type of financing, can I refi into long term financing with bank, when it’s time to pay off seller? Or is it treated as purchase (requiring 20% down with bank)? Is deed in my name right out of the gate or is...
JayCinta Henry
Buying a property after 2+ years
My buddy told me that even if you have bought a property before, that if you are buying a property after more than 2+ years you can be eligible for 3% down benefit, just like a first time home buyer. True?If you are b...
Han Gu
Newbie questions on Property Management Firms
Hi,I am looking to start investing in rental properties in Orlando, and since I live in NY, I would probably need a property management company.Given that I am new to this, I have a laundry list of newbie questions.1....
Robert Fuhs
Success stories in California?
Hi! I'm a newbie living in Southern Cal and I'd love to hear success stories from those of you from California. What deals are you finding? How are you finding them? How did you get started? I learn a lot from this th...
Owen Burton
Purchase requires assumption of current debt. Next Steps?
I received a listing from a broker that requires the buyer to assume the property's existing loan. If I determine a revised value that's ~$1M less than the listed principal amount (after adjusting vacancy etc. to 10% ...
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All Cash Purchase Requires 10% Earnest Money Deposit?
Hello everyone,
I've got a great opportunity to purchase a rehab house at 50% ARV, and have already been preapproved by a great hard money lender that'll front money for purchase and rehab up to 75% LTV. Everything s...
Seth Mather
Advice on family member as partner in STR
Looking for ideas on setting up a partnership with a family member in a STR. I have never done a partnership and would like to try to keep things simple. Family member is older and wants to help out with initial cost ...