Rod Assad
Lease Option on Mobile Homes in CA & FL with SAFE Mort. Lics. Act
3 April 2017 | 0 replies
I was reading upon the SAFE Mortgage Licensing Act that to establish and maintain a nationwide mortgage licensing system and registry for the residential mortgage industry and I had a question related to its application in mobile homes.Let's say I buy a mobile home, and I want to sell it for someone with some financing.
Brent Causey
First Flip - before and after - with numbers - Louisiana
29 August 2017 | 70 replies
@Brent Causey - Awesome work and outstanding results for your first flip!
Jennifer Rysdam
Wordpress.com or .org?
11 April 2017 | 20 replies
If you just want a plain blog with a nice design and your own domain, and don't want to think about anything else (like updates or traffic loads, or anything like that) then Wordpress.com is an outstanding choice.
Ken Rodriguez
BASICS: HOW TO KNOW IF THE DEAL MAKES SENSE
7 April 2017 | 13 replies
The same sort of growth will happen in Stockton and Fresno, just not to the same degree.Here are some articles I've written here on BP about Sacramento and Stockton, and a list of the top 100 metro market nationwide for 2017 for other Northern California markets:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushhttps://www.biggerpockets.com/forums/627/topics/424510-how-to-invest-in-stockton-ca---a-detailed-overviewhttp://research.realtor.com/2017-national-housing-forecast/4) Sacramento is great for the reasons I mentioned above... we have a varied job market, a great local economy, and a massive migration pattern of Bay Area money into the city which is driving increased appreciation and rent growth.
Brittany Sanchez
Setting Up Online Payment
6 August 2017 | 47 replies
@Brittany Sanchez Another vote for cozy.co Just today I was fortunate enough to resolve an issue for a client by logging into cozy and getting a clear picture of outstanding rent payments.
Rick Turman
Mortgages while BRRRRing
7 January 2019 | 3 replies
Say the first 4 homes are cash-flowing 200+ per unit with a 12-20% COC-ROI, do the banks see this as a red flag that so many mortgages are outstanding or due to the loans being paid down, and the properties are bringing in Cash, and I have a full time job, it shouldn't be an issue?
Ansel Blanco
Financing a purchase with an FHA loan while currently in an FHA
27 January 2018 | 5 replies
This may make it difficult for many borrowers to qualify given the Debt to Income (DTI) ratios cannot exceed 46.99/56.99 unless you have a very high paying job or other income sources.4) FHA has 4 exceptions to allow a borrower to have two outstanding FHA loans at one time which are: A) you cosigned on a FHA loan for someone else and now want to use FHA for yourself, B) you were legally separated or divorced and now want to use FHA to get your home but are tied on a current FHA loan with your ex-spouse, C) you've been relocated by your company to an area 100+ miles away and need to use FHA to purchase another home, or D) you can document your family size has grown significantly (mammogram or documentation for adoption, dependents, etc).5) you can refinance your current FHA loan into conventional financing or other to free up your FHA so you wont be subject to #4 and #3 above 6) Even if you refinance out the FHA you'll have to deal with timing because you cant file "primary residence," multiple times within 6-12 months otherwise you will trigger mortgage fraud alerts.
Connor Heim
Florida Tax Certificate maturation then deed sale...
1 July 2017 | 3 replies
I understand that two years after the tax year, if they haven't been redeemed, you can apply for the tax deed sale.I also understand that the certificate holder has no priority in the tax deed sale, but rather the buyer of the deed is responsible for paying all costs to redeem all certificates outstanding on the property.What I DON'T understand is what happens if there is no buyer at the tax deed sale.
Mike Higgins
Should my wife become a realtor?
27 June 2017 | 8 replies
@Mike Higgins If she wants to sell real estate for a living - or at least for her part of your household income, she needs to realize that it takes a lot of hard work.The last statistic I saw was that as a nationwide average, it takes 90 days from shiny new license to first paycheck.