Account Closed
Disadvantage of seller financing with decent terms
Hi,I am currently going to purchase a multi family but as a condition the seller wants to use him as a bank and wants to finance the deal. He is offering a 4.5% 7 year loan. My question is what drawbacks are there or ...
Choice Crosby III
Assuming an FHA loan of a SFR for investment
Can an FHA loan be assumed if the intention of the purchase is to be an investment and not a primary residence?Thanks in advance.
Joshua Poitras
Out of State Investing Pros and Cons
To my out-of-state investors, what do you believe are the advantages and disadvantages to out of state investing. Or even long distance investing?
Jalissa Hayes
REIT vs. Rental Properties
Hey there,I’ve been doing a lot of research as I look to begin my career as a RE Investor. I pretty much have my criteria set for what type of RE I’m interested in and the strategy I’d use, etc. However, I’ve also bee...
Shanna Beverly
Buyer asking for LTV
Hello All, I have a current contract for a wholesale deal and a potential buyer is asking for the LTV (loan to value Ratio). This ultimately allows the buyer to see how much money the owner owes the bank (which is ...
Yinglu Wang
How should I choose out of state rental investment?
Hello everyone,I currently work / live in New York City area. My goal is to purchase a duplex for rental investment in the next 12-18 months. Given the market I'm in, if I want to start rental investment I will have t...
Ludmila M.
Making an offer to a direct seller - a bit awkward situation
Calling on all negotiation experts, including Michael Quarles (couldn't tag him). Tomorrow (Friday) I need to present an offer to a direct seller solicited via my direct mail. The seller is the sweetest older lady, an...
Randolph Brown
Financing Options Using the BRRR Method
What are some advantages and disadvantages of using a HML?Also why would some who has been pre qual'd to receive a conventional loan choose the HML instead?I know it may be vague but just trying to wrap my head around...
Dillon Black
Tax Deductions, depreciation on House Hack?
Hello everybody, so I spent some time trying to figure this out, but I'm hopelessly lost. What are the tax benefits or disadvantages of house hacking and living in one unit of a duplex, as opposed to renting both unit...
John Delacruz
First Mortgage Advice
Hi, I am planning to buy a home. As I don’t have enough savings for that, I have no option other than a mortgage finance. I don’t have any previous experience with mortgages. So, I asked my friends for their suggestio...