Faiz Kanash
What happens if you buy Multifamily with FHA, but its fully occcupied?
2 February 2024 | 4 replies
We had the same issue on a multifamily which we converted into MTRs.
Sipan Y.
Construction Labor Rates - Sacramento
1 February 2024 | 15 replies
Not the same way REI do, this leads to profound communication breakdowns that have been happening for decadesResidential; Any building were people live.Commercial; Buildings where people don't live.
Rahul Gupta
Lending one extremely poor experience- Any other recommendations?
2 February 2024 | 5 replies
I contacted Lima one, and the same day i was issued a generic pre approval based on a bank balance and credit score alone for over $1MM, unfortunately they are not lending in IL so I will keep that option open when we are looking in other states.
James Scobba
New investor, looking to purchase in Norman, OK for student housing
2 February 2024 | 2 replies
Let's break it down:Sole ownership-Keeping the property in your name is the easiest way, but it means if something goes wrong, your personal stuff could be at risk.Land Trust-A land trust can hide that you're the owner, giving you some privacy and maybe less trouble if certain issues pop up.
Julie Gates
I’ve now completed 1.5 evictions on medium term rentals, and I’m not changing a thing
2 February 2024 | 8 replies
The increased frequency of these longer stays has brought with it increased issues.
Sean P Colon
Rookie boot camp class
1 February 2024 | 6 replies
Account ClosedI'm having a similar issue with Creative Financing Bootcamp.
Marc Dufour
Venmo to collect rent payment?
2 February 2024 | 45 replies
I have been using Venmo to collect rents and have not had any issues.
Brandon Patrick
Title company cancelled the transaction due to seller.
2 February 2024 | 1 reply
When the other party doesn’t feel needed and they need to sell or buy they’ll be more likely to concede for their delays, issues, etc.
Susan Carman
Does REO Properties = No Liens on the Property?
2 February 2024 | 14 replies
At foreclosure auction, no other bidders met the full credit bid the lender required and the property "reverted" to the lender.Said lender now owns the property on its books, which was formerly a mortgage asset, it used to be termed OREO ("other real estate owned") by bank auditors because these were not assets intended as buildings used by banks for retail offices, etc.A lender that (now) owns a property inherits all the senior liens, if any, as well as property taxes (both current and delinquent) as well as the ongoing issues with possession and maintenance.
Bria Bacon
Can I do an FHA 203K on a lot with two duplexes on it?
2 February 2024 | 7 replies
While the FHA 203k does permit renovations, converting from a single-family residence back to a duplex might encounter some zoning and occupancy issues, especially with two properties sharing the same lot but having different addresses.