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Results (10,000+)
Keegan Darby Keep or sell?
20 November 2024 | 5 replies
It’s on a 30-year mortgage with ~$130k remaining at a 5.25% interest rate. my monthly mortgage + expenses = 1,350/month and I bring in $2,800/month in rental income.
Griffin Malcolm Are Solar Panels Worth It?
5 December 2024 | 34 replies
Quote from @Griffin Malcolm: The typical experience that I have had flipping homes with solar and also helping buyers/sellers on sales with solar is that the seller ends up having a request from the buyer to pay the remaining balance off from the solar debt on the home without increasing the value.
Jacob Bremer HELOC next move? Better options?
18 November 2024 | 6 replies
Remaining Mortgage: 599K.Property B: 12mo Rental: Bought at 210K.
Jeff G. Code Enforcement Groundhog Day
21 November 2024 | 9 replies
The inspector signed off on it when we got the remaining work done.
Account Closed 11 Places to Find Foreclosure and Pre-foreclosure Listings
26 November 2024 | 3 replies
Anecdotally, from searching Wake County (WC) NC records, defaults remain at near all-time lows, and I see this market (foreclosure/pre-foreclosure) as an opportunity not worth pursuing.
Jonah Slove Farm Development Project
18 November 2024 | 1 reply
I will create 6 residential lots that I will be able to sell off and then, ideally, own the remaining property free and clear or close to.
Marc Young Need help with making this deal work with my dad
18 November 2024 | 3 replies
If you provide more details on the home value, existing mortgage remaining and what the interest rate and payment are you may get some better advice.Is your dad willing to take that $100k of equity over time instead of all up front?
Jerry Shen Buying RE with Bitcoin
9 December 2024 | 166 replies
I wonder if you could find someone or an institution that is bullish on bitcoin also that would loan you 3MM for the purchase of the building with 1MM of it being "traded" across for your bitcoin and the remaining 2MM being collateralized by the property.
Nolan Ring 3/3 lenders have no idea about FHA loans
21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
Mike Shahi How to end a listing agreement in Maryland
17 November 2024 | 9 replies
I sent an email and he acknowledged that the listing has been removed from MLS and that the listing agreement has been terminated…Looking at the listing agreement contract, it states that the “contractual obligation shall remain in full effect unless terminated by mutual written consent by all parties”.Is there a specific form that needs to be filled out or is the email acknowledgment enough?