Danny Maller
About to close and discovered 3 hefty code violation fines
6 June 2018 | 6 replies
My attorney is trying to find ways to make it work with lender credits to offset the fines if I pay them, but I feel like the deal has turned sour.What are your thoughts?
Rodolfo Marquez
New California attorney looking to get into real estate investing
30 March 2018 | 9 replies
In other words DON'T hire an attorney and keep your day job for entity legal issues and those pesky tenant lawsuits than will come up.One secret of the rich and wealthy is corporate credit or business credit based on an EIN instead of SSN which drives commercial financing deals.
Nicole Wood
Is this against discrimination laws?
31 March 2018 | 61 replies
Do a thorough and proper background and credit check.
Denice M grubb
I have a huge dilemma. I am trying to buy my home close by april3
1 April 2018 | 5 replies
But we were eligible for more so they wire it right to your bank and it does not record on your credit ( it's for doctors) but three kids thru college and his 14 years of college an loans money has been tight.we don't drive fancy cars or blow money.ISO WE thought since it doesn't show on your credit and it went into my account today and I already pulled my bank statement 2 month up till before it got deposited.Could I have someone write .e a check as a gift give it back after closiing so nervous.or any other ideas we are desperate.
Ryan Groene
Mobile Home Park Investors Pros and Cons
29 June 2019 | 4 replies
Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases
Shamoon Siddiqui
Letting my HOA do a foreclosure if I don't want the property?
7 July 2019 | 19 replies
My credit is decent (700+) currently and I believe a foreclosure will impact it by about 100 points (based on what I read on the interwebs).
Dustin Jack
Buying an REO, need help running the numbers.
30 March 2018 | 1 reply
They can use 25% of the rents to help you qualify, the rest will depend on your DTI ratiosYou can't just use equity in another property for the down payment, you can pull equity out via a loan or line of credit but just because you have value in that property doesn't mean you can use it to buy another
Lucky Tiderman
Best Lenders in the Oklahoma City Area
2 April 2018 | 1 reply
I wanted to get your opinion(s) and thoughts on who are the best lenders in the Oklahoma City area for both straight forward deals (good credit, good debt to income ratio etc.) and new commercial construction (less then 1m).Who has the:Best ratesBest serviceQuick underwritingThank you for your time and look forward to hearing your thoughts.
Jim Cummings
Texas Economic & Jobs Data
5 June 2018 | 8 replies
Midland had the lowest unemployment rate followed by Amarillo, Austin-Round Rock, College Station-Bryan, Lubbock, and Odessa.
Vivian Huang
Partnering with someone who's househacking
4 April 2018 | 3 replies
Does this basically mean that I get pre-approved by all the lenders I look into (Each one putting a hard inquiry on my credit)?