Heather Harrison
Getting Educated enough to DO SOMETHING
28 January 2017 | 13 replies
The mortgage was about what we would have paid for a regular house and we rented out the other side.
Michael Cooper
I really need your advise in my satiation...
8 February 2017 | 5 replies
I regularly install egress windows for about $1000 in materials, I could probably find less expensive materials...
Adam Lysak
Is there anything should be doing at the moment?
28 January 2017 | 11 replies
Having owned and operated a small business, I found that setting long term goals, action plans to get there, and re-assessing those goals and plans on a regular basis helped me tremendously.
Eric Johnson
A Smokin' Hot MLS Deal, What's the first thing You Say to the LA?
27 January 2017 | 7 replies
I was thinking along the lines of you being an investor on your own, but it seems like you're buying properties on a regular basis.I'm sure you know the best incentive for the listing agent is making more commission.
Chris Parrish
Anyone with experience with living and working in two cities!?
14 February 2017 | 8 replies
My business is real estate, but on the securities side.My feedback to you is there are what feels like a million realtors in Bend already, the market swings high and low regularly so there are really big highs and really low lows......coming to Bend to start a secondary RE practice might be really difficult.
Miguel Garcia
House flipping with a Self Directed IRA?
27 January 2017 | 4 replies
When an IRA engages in a trade or a business on a regular basis, such as flipping houses, a tax known as UBIT applies.So, a leveraged flip is pretty tax intensive under an IRA.Note that passive earnings such as interest or rent from real property do not have these tax implications.
Shayne Fee
PMI problems! Is this BS?
29 January 2017 | 21 replies
Im not sure about other mortgage servicers however, most that I've read on their guidelines to remove PMI including from the mortgage company I work at currently are below (Fannie & Freddie conventional):- when you reach 80% of the ORIGINAL purchase value you can request to remove PMI however a BPO (brokers price opinion aka cheap & dirty version of a regular appraisal) will be needed to verify the property did not decrease in value- If you've done improvements (sounds like your story) you can request a BPO to verify your loan is at 80% of current market value (ARV) which can go from regular BPO price of 150-175 dollars up to regular appraisal if interiors need inspection as well (interior & exteriors = regular appraisal 450-550).- if the loan is atleast 2 years old (paid on time of course) and not more than 5 years old the borrower can request a BPO if the borrower believes the value has increased enough based on market value alone to remove MI but the requirement for this market value only increase is 75% LTV or lower based on the current BPO (so in essence you need 25% equity on current FMV - fair market value).- for the above 3 scenarios payments must be current with no 30 day lates in the past 12 months or 60 day lates in the past 24 months (on the current mortgage or "other," credit too)What is interesting is the above only applies to 1 unit properties because 2-4 unit properties its the same as the above except the requirement is 35% equity or 65% LTV (same).
NIc Green
The Country's Best Kept Investment Secret is in South Texas!!!
28 January 2017 | 0 replies
http://www.alicetx.com/news/20161117/refinery-in-d... http://www.caller.com/story/news/special-reports/e... http://www.bizjournals.com/sanantonio/news/2016/11...OIL INDUSTRY CYCLE IS HEADING NORTH IN 2017 http://money.cnn.com/2016/07/06/investing/us-oil-b...http://res.dallasnews.com/interactives/border_ener...http://www.naturalgasintel.com/articles/106512-gol...Nic GreenInvestor/wholesaler
Tom Pignatello
How to See Demographics of Properties a Lender Financed?
28 January 2017 | 2 replies
To the extent that you wish to trust the demographic data entered by the loan originator, Home Mortgage Disclosure Act data is publicly available so social justice groups can sue lenders for unlawful discrimination if the data indicates that is warranted (Wells Fargo etc).CFPB has an interactive website that lets you play with the data.If there is something unique about properties in the area you want to buy in that you want to get in front of, nothing will beat picking up the phone and calling agents in the area.
Tyler Jahnke
Calling All Indianapolis Property Managers!
30 January 2017 | 11 replies
No attorney is going to do that and I'm not positive, but I was under the impression a regular person can't collect the same amount of damages in Indiana.