Tony T.
Can Gift Money for a New Mortgage be Borrowed by the Gifter?
9 February 2016 | 4 replies
But since she just sent $70,000 to the current mortgage, she lacks the down (seasoned) money for a new mortgage for a home we stumbled across.I know gifting 70,000 to her is OK for a new mortgage (from husband and over 20% down), but can I pull that $70,000 off a Line of Credit I have on a commercial building which is not in her name?
Brent Busby
HUD Home for Sale by Hudson and Marshall
8 February 2016 | 5 replies
I was directed to the Hudson and Marshall website through the hudhomestore site, but once there I used the search function which pulled in other properties that H&M have listed.
Austin Faux
North Little Rock Arkansas Deal
31 March 2016 | 20 replies
I assume you pulled comps and noticed there were no solds right there, which makes it hard to get an ARV.
Thomas K.
Rehabber in Baltimore MD
11 February 2016 | 9 replies
You can find them here on BP (set up an alert for "Baltimore", as Ned suggested) or by networking with other investors at meet ups and asking for referrals.A good investor agent should be skilled at understanding ARV and pulling accurate comps, be able to see the potential in a home instead of focusing on its current condition (which is why investing/construction experience is so important), and have a strong network of wholesalers to help locate off market deals.Gabriel is correct in saying that an agent will want to vet you as much as you will be vetting him.
Matt Smith
Expense allowed for 1031
9 February 2016 | 4 replies
The only other recommendation I give is to go ahead and have a lender lined up so you can pull from the LOC right after the closing on replacement property, Alternatively, you could engage in a full refinance (although much more costly) right after you have closed on the replacement property.
Bridget Tierro
First timer here. Mind taking a look at my triplex analysis?
9 February 2016 | 5 replies
I am considering pulling the trigger on an offer on a B-/C+ triplex in greater Philadelphia (3.5% down via FHA loan) and was wondering if the good people here at BP would be able to evaluate where I'm at so far.
George Torres
Applying for a conv/fha loan--First Home/Investment Property
9 February 2016 | 7 replies
Hello GeorgeI congratulate you for even being in a position to think about purchasing an investment property but I think you would benefit more both short and long term if you improved your existing situation before you pulled the trigger on any type of purchase.First of all, your 600 FICO will make your decision as to which type of loan you want to proceed with a lot easier than you think.
Matthew Rubsamen
List source VS prospect now
9 February 2016 | 5 replies
Pull a BIG list, then break up the mail drops so you have direct mail dropping every week or few weeks, depending on your budget.
Russell M.
New member from San Diego, CA
10 February 2016 | 8 replies
It is always great to add another San Diegan to the community here.There are a ton of us on here who are willing to help and answer questions, so don't ever hesitate to ask.I also have to applaud you for not being afraid to pull the trigger and move on to bigger and better things.
Zack Ellard
How to determine what a property will rent for?
9 February 2016 | 12 replies
Then, monitor those listings over time and see if they are still listed or if the listings are pulled.