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4 February 2025 | 17 replies
We're interested in a primary residence home purchase using a RE attorney and hiring a buyer's RE on an hourly basis.
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6 January 2025 | 13 replies
After they moved in, we started to get some mild complains from our neighbors (for the rented unit which was our primary residence until we moved out in another house a few miles away). 1.
13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
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7 January 2025 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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3 January 2025 | 2 replies
In these instances typically the lender will pay it to protect their interests.
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7 January 2025 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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6 January 2025 | 6 replies
Framing your position as fair such as explaining the difficulty of finding renters during off-peak months - might help maintain a positive relationship and reduce risks of property damage.Prepare for What’s NextEven if the tenant moves out early, ensure you’re protected.
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9 January 2025 | 15 replies
remember, these are NOT conforming loans, so all the consumer protections one might be used to having aren't there.
10 January 2025 | 5 replies
If you qualify, you could close on the loan in days.Home 2 could be an option for a fix-and-flip as well, but you would have to have another residence because these types of loans do not allow owner occupancy.
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15 January 2025 | 13 replies
You can print this one on your computer, no need for the “official” printed forms.W-9 asks them to enter their name, address, and tax ID – which can be a SSN, ITIN (for people who are not permanent residents) or EIN (business tax ID).