Travis Dutro
Buying a Manufactured home
9 July 2020 | 4 replies
ok, if it's original installation, you may have a shot at it, as most of the lenders I've talked to seem to consider the unit sort of 'tainted', if you will, if it's ever been moved, and will only so a chattel loan and a land loan separately, but not a conventional 30 year amortized. the tag on the home is standard from the factory... if there isn't a certification that the seller has, it may not be an issue for a conventional loan, but if you go for any FHA program, like 203k or standard FHA loan, just assume you'll be paying somewhere in the $500-$800 range for an additional inspection from your lender to determine if the foundation meets FHA standards to be considered a permanent installation.
Anton Ivanov
List of COVID-19 Resources & Relief Programs for Investors
27 April 2020 | 9 replies
There has obviously been a lot of discussion about this already, but I wanted to put together a single list of available relief programs and other resources landlords and investors can take advantage of right now.I hope this helps somebody during these challenging times.
Dan Hedges
BRRRR in Metro Detroit
15 April 2020 | 4 replies
I used Huntington Bank; they offer an awesome “LMIT” Program.
Pete M.
Pulling comps for Sec 8 rent bumps
18 April 2020 | 9 replies
@Pete Mathias I would check with your local housing authority that manages the Section 8 program.
Teague Anderson
Repercussions from forbearance
26 September 2020 | 9 replies
Hey all,I heard rumors of unintended consequences from taking advantage of forbearance programs.
Ryan Cox
Am I a victim of predatory lending?
13 April 2020 | 1 reply
I signed up for a 5% Down Payment Assistance Program and MCC Mortgage Credit Certificate Program with TSAHC here in Texas.
Robert C.
What Markets Did Poorly the Last 10 Years?
15 April 2020 | 3 replies
They just signed a contract this year for an East Side Redevelopment program that looks pretty promising.
Kyle Shepherd
Best way of purchasing 1st deal with no credit score
26 April 2020 | 10 replies
@Evan Polaski - I was told by this one lender in Birmingham that I did not qualify for ANY of their programs, at all - and the house in question was going to be my primary residence.
Kyle Shepherd
I'm a new investor in rural Alabama
23 April 2020 | 11 replies
Definitely “the sticks.”Current day job is a web designer UI/UX designer and WordPress developer; I also have eight years of experience in book design and small-time publishing.
Michael Dvorkin
What are investors doing in NYC with renters asking for reduction
22 May 2020 | 4 replies
Most of my landlord clients have tenants on programs like Sec. 8 and City FHEPS so they haven't had any issues.Curious to see what other responses you receive...All the best,Abel