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Search results

  1. Q

    partner/finance

    REAL ESTATE 
    Hello, I have a 3 unit that brings in $1300 a month. I have had this property for 3 years and it is doing well. I own the property free and clear. I want to use this property to obtain a loan to purchase another property. I credit is poor, but was about 700, until 2 years ago, when the...
  2. Q

    How do I get to the Next Level?

    REAL ESTATE 
    My husband and I own 6 of the properties. Our LLC owns one.
  3. Q

    How do I get to the Next Level?

    REAL ESTATE 
    Yes, you are right. Not good cash flow. I have pulled money out on 2 of the properties to buy other properties, fix properties, cover unpaid rent ect...The properties that I am looking into have great cashflow. These properties probally will not appreciate. But I need more cashflow properties.
  4. Q

    Financing Advise

    REAL ESTATE 
    Thank you so much. I finally understand.
  5. Q

    Financing Advise

    REAL ESTATE 
    Will you please explain a land trust.
  6. Q

    How do I get to the Next Level?

    REAL ESTATE 
    Hello, I have been stuck in this situation and can not find out how to get to the next level. I own a LLC that has been in business over 2 years. I have several cc. in my LLC's name. Bank of America, AE, Discover, and a couple more. My business is realestate. I own 6 single family...
  7. Q

    Assessments questions

    REAL ESTATE 
    When evaluating a property by the tax assessment, do subtract the repairs that the property needs?
  8. Q

    stated income loans

    REAL ESTATE 
    Hello, I posted this same question last night and it seems to have disappeared. Does anyone know of any stated income loans available?
  9. Q

    stated income loans

    Hello All, Thanks for all your help. I love this board. Does anyone know who still gives stated income loans for investment properties. I have 7 single family and want to purchase about 5 in upstate New York. Loans range between 25-50,000. I have 700 credit score and can have good down...
  10. Q

    Financing Advise

    REAL ESTATE 
    Yes, I do have equity, however, it is hard to get equity lines on investment properties now. I do have some cash for any rehab., down payment, ect. But do not want to pay cash for 2 or 3 properties and not have any on hand. I also want to purchase about 10 properties, and be able to leverage...
  11. Q

    Financing Advise

    REAL ESTATE 
    Yes, I do plan to keep them for cash flow.
  12. Q

    Financing Advise

    REAL ESTATE 
    Hello, Does anyone know where I could get financing for single family houses that are under 50,000. The cash flow is great. I currently own 7 single family houses. I have a high income/debt ratio. My husband and I have over 700 credit scores. I am looking to get several more single...
  13. Q

    quit claim

    REAL ESTATE 
    Hello, I have a question. I called a bank to refi. some of my properties into my LLC's name. They told me that if I quit claimed my properties into my LLC's name it would disappear from my personal credit report, therefore, reducing my debt to income ratio on my personal credit. Does...
  14. Q

    question about financing

    REAL ESTATE 
    Hello, If a seller is willing to hold the note but wants 40% down, can you borrow the 40% from the bank? If you do this how is it done? Thanks
  15. Q

    Help Understanding Investing in a Buyers Market

    REAL ESTATE 
    Hello, I am new so I dont know all the ropes. I just have something I would like to discuss. I purchased my investment properties about 2-3 years ago. I am in Richmond Va. My properties that I purchased make a cash flow and have some equity. I find it hard to do in todays market. I can...
  16. Q

    question high debt/income ratio

    REAL ESTATE 
    okay- Seller will take my houses as a down payment. Does this happen often? You offer your houses free and clear plus money down.
  17. Q

    question high debt/income ratio

    REAL ESTATE 
    Thanks for all the responses. I need to talk to Steve O. on how to convert. These are the numbers: Owe: 60,000 Worth: 89,000(on 4 of the houses), Owe 300,000 Worth: 340,000, Owe: 200,000 Worth: 225,000 Then I live in one that we just bought for 355,000. We have a 80/20 loan-not the...
  18. Q

    Beginner Conference Call

    REAL ESTATE 
    I would love to be a part of this
  19. Q

    question high debt/income ratio

    REAL ESTATE 
    Hello Everyone, I am new to this forum. I have 7 single family properties. I am trying to buy more properties, however the problem I am running into, is high debt/income ratio. I have great credit. I hear this problem is because of the new laws on lending. I have about 175,000 in equity...
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