2 April 2020 | 11 replies
Here are the tips I can initially give you: 1.
22 January 2021 | 26 replies
Thanks for VA tips, I am considering using that for first property but I'll have to work a little harder to make it work!
30 March 2020 | 19 replies
Also, in this specific area there aren’t much duplexes.The reserves were in the stock market because some of the money was from gift when my grandfather passed away when I was a kid.
22 March 2020 | 6 replies
FHA allows 3.5% down on 1-4 units...UNLESS YOU HAVE A NON-OCCUPANT CO-SIGNER.And so, my loan officer worked for about 10 days to find another appraiser who was willing to categorize the property as a single family (again, that’s how it was zoned with the county, and because of the layout, locking or unlocking one door at the base of the stairs makes either the entire home accessible to one family, or splits it into separate units.)The seller agreed to wait for this appraisal, and luckily, the new appraiser classified the property as an SFR, but once the loan got to underwriting, the FHA-board decided that due to the upstairs kitchen and the completely separate utilities, this home would STILL be classified as a duplex, and therefore, with a non-occupant co-borrower, I’d be required to put down 25%.This is probably a good point to mention that I’m using a first-time home buyer program for the state of Oklahoma, which gifts you 3.5% for your down payment.
22 March 2020 | 1 reply
First-time buyers (and low income earners) can get their DP gifted (no paying it back!)
28 March 2020 | 14 replies
Lastly, is there any particular advice/tips for a new real estate investor such as myself?
10 March 2021 | 10 replies
In addition to the books, podcasts and blogs you have read, here are some tips I can initially give you:1.
23 March 2020 | 4 replies
This year was doing really great with low inventory, low rates and properties were selling like cup cakes until 2 weeks ago when the coronavirus kicked in....I recently purchased and rehabbed an SFR in South Orange County, Ca and it’s currently for sale (34 days) at $1.3M with with some interested buyers....BUT I got (and many of us) stuck with this coronavirus situation which has slowed down showings and sales tremendously.Any suggestions, ideas, tips to sell it a little faster?
24 March 2020 | 2 replies
I would love to hear some tips if there any out there.