3 October 2016 | 3 replies
As far as I can tell there's no way I can defeat the redemption (short of buying the redemption rights for several times the auction price), but if I have to move out 2 days after I receive the papers I better start packing now!
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3 October 2016 | 4 replies
I've talked to a couple tax professionals since then and been told that that boat has already sailed.
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3 October 2016 | 3 replies
What to Look for in a Real Estate AgentWhen buying a home, you want a real estate agent who… Takes the time to understand your needs and goals, so you have a true partner in your home buying journey.Explains everything clearly and answers your questions, so you’re never in the dark.Has expertise and a track record of success in the local market.Knows how to find great properties in your price range.Will alert you to new listings, quickly, so you get the jump on those opportunities.Will advise you on the best price to offer for the home you want.Will prepare and present the offer, and skillfully negotiate such things as price, conditions, closing dates, etc. so you get the best deal.Will save you potentially thousands of dollars by ensuring you don’t overpay for the property you want.Will recommend reputable home inspectors, movers and other professionals you may need.Not every real estate agent offers all of these services.
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12 October 2016 | 8 replies
The key is that 2 year work history that you'll need to establish.In certain circumstances you can use the income before you even receive your first paystub (certain relocation and job change scenarios), however typically you'll need to receive atleast 1 paystub to use it.If you have had no work within the last 12 months preceeding this new job then you may need to be on this job for a min of 6 months before you can close on this new loan which would hamper your plans to close within 45 days on this duplex.Then again scenario #3 if you have the credit and the down payment and the property cash flows from conventional underwriting perspective and you have "no credit card debts," on your credit report then you may be able to qualify any way since your debt to income or DTI will be 0% (property cash flows) no debt outstanding to qualify for as the duplex will be adding income to your scenario.I've had an underwriter okay scenario #3 above but have never funded a deal like.
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12 October 2016 | 5 replies
I’m a new investor looking to build my team of knowledgeable professionals.
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24 October 2016 | 11 replies
Don't assume that you'll receive 'X' amount every month because the seller said so.
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3 October 2016 | 2 replies
Hello BP, I just received contact information for a local wholesaler here in Houston and I want to ask for his help with getting my foot in the door.
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5 October 2016 | 3 replies
I have been a licensed Real Estate Agent for almost 10 years and have also branched into wealth and risk management as financial advisor. My start in real estate investing came when I began working for a real estate i...
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4 October 2016 | 29 replies
I explain to my tenants who want to do handyman stuff that I issue work orders, receive bids, and select who does the job.