We are also very clear that we will not negotiate against ourselves - if we do not receive a counter offer or material information indicating our valuation may be in error, do not ask us to change our offer.This agent had contacted me several times via e-mail, despite our indicating that we were comfortable with our offer, and asked that we submit our best offer ... so I did.

Often these two contracts are simultaneously executed in what is referred to as a Lease/Option or Lease with Option to buy.

I used e-renter for background check of an applicant.

I'd like to make some updates (we are contractors) and try to sell or this property would be good as an executive rental.  

@Tristyn Brown I filed my business taxes with a Schedule E on my personal income tax, so all rental income is just treated as passive income and is taxed the same as my personal income from my J-O-B.

I'm a part time stock market trader and that took me 3yrs of my busy life to finally click and start placing trades confidently so I know this field is probably not that different but I will take it 1 day at a time.

Hello all,I am a 25 year old from New England who always had a passion for fixing up real estate.I went to a trade school and my father owns a construction company.A few years ago i was involved in a bad accident.To make a long story short i will be accepting a check for $250k in the coming weeks.I would love to get a loan for a rental property and can put a down payment down of 20%.My problem is i cant work in my old field and therefore am not working at this moment.My credit is around 600 right now but i have a few credit cards that are maxed out but in good standing.I plan to pay those  off and expect my credit to rise to over a 640( i lived on those for the past fear years because i was injured)My question-Anyway i cant get approved for a 200k and under mortage with that kinda cash in the bank and credit score?

I'm currently expanding my role as landlord jack-of-all-trades in an attempt to take advantage of my nights, weekends, and the skilled labor of people who have done work for me in the past, but don't have the infrastructure in place to formalize their own business plans and processes.Frankly, I would prefer to be a contractor full-time, but I haven't yet built up the pipeline I believe is necessary to allow me to quit my current W-2 job.

The FHA loan program DOES restrict what an FHA mortgage will buy in such cases--you may not be able to purchase a home with an FHA mortgage unless it has been owned for a certain amount of time and the seller is the owner of record.Dina Boscio: (This would make it hard to flip and sell to FHA Buyer...But there is a work around)FHA loan rules in HUD 4000.1 state that the lender is required to verify that the seller is indeed the owner, and also to check the date of the owner’s acquisition of the real estateFHA Loan Rules Include a Time Restriction on Transfers of Title Check out what HUD 4000.1 says about buying real estate with an FHA mortgage and the lender’s requirement to compare the date of purchase by the current owner versus the date of execution on the sales contract for the FHA mortgage:“FHA defines the seller’s date of acquisition as the date the seller acquired legal ownership of that Property.

I have a lot of home remodeling experience and quite a bit of tools and trade hookups if anyone is interested in any type of partnerships. also have NC real estate license. if any one wants to call, even just to shoot the bull and bounce ideas off of each other please reach out.