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When applying for a loan on an investment property… some lenders say I need a lease signed (for proof of revenue) to qualify, others say I don’t “necessarily”. It seems it is a gray area to the 7 lenders I asked. Can ...
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Hi all, Talking with a seller tomorrow about buying a duplex from him Sub To. And I'm probably an idiot but I can't seem to figure out what exactly happens when I take over the payments. Am I sending his mortgage comp...
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I read about estoppel certificates and get the concept. Would it be out of line to request them as a buyer in a residential (fourplex or less property), or is that overkill and/or just not done?
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Many books I've read talk about adding or finding contract with the words "and/ or assigns" in them in order to make your wholesale deal work. Is this really the best way to go about it? I feel that this will immedi...
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Hello AllMyself and some partners (one in Tampa, another in NYC like me) are interested in purchasing some Tampa / St. Petersburg SFRs for rent as an initial investment play to start. We plan on transitioning to small...
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I’m new to real estate and was wondering how to get a 3rd, 4th, 5th mortgage
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Hope this is the correct area to post this.
I would like to sell a house to a tennant on contract. I am just buying this house so I do have a loan. She can come up with 5000.00 down and monthly rent is 450.00. So ...
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Hey everyone,I was introduced to a friend of a friend who is selling a small multi-family unit. She is listing it on the MLS and therefore has an agent, but sent me the deal directly in case I want to purchase it.I su...
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If I were sell my dental office condo to my tenant would it be possible to defer capital gains taxes (purchased in 1979 for $70,000) by designing an agreement more like a lease with option to purchase?Example: "sell"...
I'm new to this and I need to see an example