Maria T. Torres
What are some key tips and common pitfalls to avoid when closing a residential loan?
11 September 2024 | 5 replies
If you are a borrower with a w2 income and no other properties only basic liabilities your file should be very straight forward.
Don Konipol
Why I Believe Many Investors Have the Wrong Goals
13 September 2024 | 20 replies
So you want basically +40 years of retirement income.
Sharon Patterson
Unexpected repair issues
11 September 2024 | 8 replies
@Sharon Patterson, any rehab is a "project" and basic project management principles state that there are 3 key interrelated aspects to all projects: time, scope, and cost.
David Tran
Hero program is a scam and fraud
15 September 2024 | 22 replies
Basically this program helps people with Zero money get a ton of improvements on their homes.
Andrew Meringoff
Installment sale interest vs. cap gain
11 September 2024 | 3 replies
It was driving me nuts cause I understood the basic framework but not the details which is what he is going to want know and understand.
Marc Brandon
Unbelievable Florida security deposit claim lawsuit!!!
18 September 2024 | 47 replies
When threatened to go to the police station the passengers basically whined and pleaded not to be brought to the police station.
William Pichardo
Need Advice: BRRR Strategy for 1st Time Buyer
12 September 2024 | 15 replies
Hi William, When trying to build a good rental portfolio you should follow some basic rules:1.
Eugene Mitchell
Escrow won't close
15 September 2024 | 18 replies
The Escrow lady was furious said their own notaries were the only ones who could do it and each person would have to fill out a "Statement of Fact" statement of facts from each of the people that had signed the quit claims the problem with this is that three of them that absolutely want nothing to do with the property and don't want to be bothered and are mad as hell because basically they had signed off on it and considered it done, and then not only did they want them to resign with their own notary but to fill out the "statement of fact" which asked a lot of personal questions that nobody wants to give the answers to this day and age let alone on a property that you are having nothing to do with anymore.
Tony Hoffer
Legally a DUPLEX, actually a TRIPLEX
11 September 2024 | 18 replies
It was inspected as a duplex, and I'd bet it'll be appraised as a duplex as well (basically removing the oven gives the appraiser plausible deniability), which could create value issues and impact your DTI if you need to use rental income to qualify.
Alfredo Cardenas
Total Rental Properties Losses
12 September 2024 | 10 replies
He is basically saying that each loss for each rental home can only be applied to the same home and not use the looses of the entire portfolio.