Real Estate Investing: Almost had our first investment property in the bag but now being asked for another $15k |
- Almost had our first investment property in the bag but now being asked for another $15k
- Opinion on the mortgage industry possible crash (see article link in my text)?
- Beachfront rentals?? Good idea or bad?
- Cash out or not ?
- Best small multi family house markets for 2020?
- Understanding Mortgage Forbearance and/or Deferment Affect on Credit
- New landlord sub
- Private lenders and delayed financing
- Considering a flip, need some advice!
- How to account for increasing equity in return calculations?
- College Student
- Any recommendations for Georgia lenders who do hard money loans, investment properties, LLC loans, portfolio loans, etc?
| Almost had our first investment property in the bag but now being asked for another $15k Posted: 28 Mar 2020 09:06 PM PDT |
| Opinion on the mortgage industry possible crash (see article link in my text)? Posted: 28 Mar 2020 07:18 AM PDT https://www.politico.com/news/2020/03/27/mortgage-system-collapse-coronavirus-pandemic-152338 How do you think this will affect us as real estate investors? Will this cause bank owned (portfolio) loans to become more accessible and cheaper? This thread is for speculation y'all, none of us really know. Be nice to each other and let's hear some thoughts! [link] [comments] |
| Beachfront rentals?? Good idea or bad? Posted: 28 Mar 2020 08:57 PM PDT Really considering a beach front rental condo at Sanibel island fl. Anybody here with experience? Looking at 2b/2b and have been looking in the 5-600k range. I have around 200 to put down and with rates as low as they are currently seems to be the time to make a move just looking for opinions and or tips on this type of rental. Thanks [link] [comments] |
| Posted: 28 Mar 2020 09:17 PM PDT I am in the process of a cashout refi. They want me to pay a quarter point to extend the rate lock, appraisal is not yet done and will need an in house appraisal. The cashout will help weather this and I can keep afloat and should my tenant skip payments, I can handle that was well or a job loss for a few months. my emergency wont cover me past a few months. The question is - could they be stringing me along ? I was told they want me to pay a quarter point to extend rate lock for 15 days and then they can ask for delaying again ? This might not be a fannie freddie lender. Does that matter ? [link] [comments] |
| Best small multi family house markets for 2020? Posted: 28 Mar 2020 04:08 PM PDT What market are you guys targeting in 2020 for small MFHs? I have been looking to invest in my first rental for some time now, and with the recent stock market drop it made me realize just how much more important cash flow is than appreciation. Being said, what markets are you guys investing in for cash flow? I was leaning towards Cleveland, but really believe I want to focus on a market in the sunbelt. Look forward to hearing all your responses! [link] [comments] |
| Understanding Mortgage Forbearance and/or Deferment Affect on Credit Posted: 28 Mar 2020 06:35 AM PDT This is in light of the C19 disaster help that some banks are offering: Could any REI folks that have or have had a day job on the mortgage lending side provide guidance on any effects (short or long term) that mortgage forbearance has on credit? When reading about what my bank and other banks are offering they are calling it 'deferment' on their websites but when you speak with them directly it is technically a forbearance. How does forbearance affect someone's ability to get mortgages in the future assuming one comes out of the forbearance and continues paying the mortgage as agreed? This would be for SFH or 2-4 unit conventional mortgage type properties. Is sucking up any short-term financial squeeze from lack of rent better than requesting forbearance if forbearance will make an investor appear like a bad credit risk on future mortgage applications? (Edit) Additional question thanks to a commenter: What is the actual process at the end of the 3-6 month forbearance? Does the loan have to go through a formal modification (and how onerous is that process) or can the bank easily just tack the payments at the end of the loan? We're okay right now but really feeling out all possible options and worst case scenarios. [link] [comments] |
| Posted: 28 Mar 2020 11:00 PM PDT Now that it seems r/landlord is private and no longer active, I've just created r/land_lord. If there's enough interest, it could serve to replace r/landlord and become the a resource for landlords. Hope you can join! [link] [comments] |
| Private lenders and delayed financing Posted: 28 Mar 2020 06:34 PM PDT I'm looking to get information on private lenders in my local area (Southern California) I'm interested in using a bridge loan or delayed finance with the private lender.. does anyone here have references? [link] [comments] |
| Considering a flip, need some advice! Posted: 28 Mar 2020 01:36 PM PDT My wife and I are considering the purchase of a currently condemned home in our town. The list price is $25k. Our estimates are around $50k for rehab, with a final resale value of $170k. We can come up with the $25k to buy it outright, but we would need to obtain a rehab loan. We're just unsure if that's the best way to handle it. Nor do we know the process of getting a rehab loan for an investment property. Any advice? [link] [comments] |
| How to account for increasing equity in return calculations? Posted: 28 Mar 2020 06:51 AM PDT So I understand the calculation of cash on cash return in terms of net yearly cash flow divided by down payment plus closing costs, but shouldn't you factor in your increasing equity in the property as an additional source of return? If not, why? [link] [comments] |
| Posted: 28 Mar 2020 10:34 AM PDT I'm currently a 21 year old college student and I am very interested in real estate. I've been able to save up 20k in the last 18 months and wanted to see if that is enough for any real estate investing opportunities. Thanks [link] [comments] |
| Posted: 28 Mar 2020 09:09 AM PDT I've seen CoreVest, LendingOne and a couple of others but haven't found many reviews of them. Would love any advice from the collective expertise here... [link] [comments] |
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