Joseph Lewis
Can one person acquire more than one FHA loan?
5 June 2019 | 6 replies
If you relocate and now reside in a new area that is outside of a reasonable commuting distance from the current home.Additionally if you plan on getting a second FHA loan, the lender must evaluate your circumstances to determine the circumstances behind the need for a second FHA loan to determine if it is legitimate or not, items include... length of time the previous property was owned by the borrower, and circumstances that compel the borrower to purchase another residence with an FHA-insured mortgageThen there is also a big disclaimer at the bottom which reads:Important: Under no circumstances may investors use the exceptions described in the table above to circumvent FHA’s ban on loans to private investors and acquire rental properties through purportedly purchasing “principal residences.”
Debbie Dobbins
Finding the Right Deal
31 August 2018 | 2 replies
Not sure what a good number would be and a little confused as to remarks such as nothing as positive cash flow which is in direct contradiction to what Brandon purports for BP.
Debbie Dobbins
Finding the Right Deal
30 August 2018 | 1 reply
Not sure what a good number would be and a little confused as to remarks such as nothing as positive cash flow which is in direct contradiction to what Brandon purports for BP.
Marty Hofmann
Real Estate Attorney OKC
6 September 2018 | 4 replies
Many attorneys purport to practice in a certain area, but they do not really grasp the objectives and preferences of the client.Just like there is no single area of real estate that is best for everyone, there is no single real estate attorney that is best everyone.
Dave Carella
Bubble, Bubble, toil and trouble
15 August 2018 | 81 replies
@Jay Hinrichs can chime in and tell you all about sure-fire recession-proof investments that purported to offer positive returns in the worst of times and then acted like any other real estate investment.
Chihiro Kurokawa
"Syndicators" with no operational experience
10 May 2019 | 58 replies
There are people purporting to be experienced "syndicators" who have marketed themselves very well, but they lack operational experience.
Mindy Jensen
Investor NOT protected by LLC?!?
28 September 2015 | 53 replies
Financially, the reason for taking out LLC's in the first place is that because anyone CAN be sued, the LLC creates a "corporate veil", so that Mr Warren's personal home for example, which likely WASN'T "owned" by the (sued) LLC, wouldn't be able to be taken away from him (purportedly), BECAUSE it's not within that LLC.
Andrew McCotter
Need Advice on How to Finance This Deal
12 April 2015 | 10 replies
As I have stated in other posts, "no money down" is a myth purported by people selling seminars.
Michael C Gregory
buying upside down properties
5 November 2016 | 11 replies
Sorry to sound so harsh, but purporting to be an altruistic for-profit Investor is fairly close to being an oxymoron in my dictionary.In reality, it's their LENDER who will decide how much they can be helped.If you're investing, why treat underwater properties differently to any other?
Himanish Gupta
Can someone tell if this is private money is legit or not?
23 February 2021 | 11 replies
it purports to be from First American title.. but it talks about Florida the phone number is San Francisco etc etc its just a jumbled mess.. but i suspect folks open these.. we do all our transactions Mail away so we get closing docs like this multiple times a week or sometimes multiples in a day if we are really busy funding or selling..