Giselle Romero
Can I tap into equity on a new cons. home right after completion?
Long story short. Purchased the land with cash in 2020 for 60k.
Put another 130k down on the actual build of the house.
Took out a 500k construction loans. Comps are about 800k.
Home is expected to be completed Fe...
David Jesse
Florida homestead legal question
As I understand there are two different kinds of homesteads in Florida.One would be having your main residence safe from lawsuits, and another would be related would be related to property tax savings.If a house has a...
Anthony Hornbeck
Illinois Homestead Act - Property Tax Section in Lease - Champaign
Hey BP-ers,I tend to have tenants express concerns over the property Tax portion of my lease. Does anyone in Illinois want to take a stab at explaining this section in clear language? Is there a better way to word thi...
David Smyth
Mortgage Requirements on a Visa
Would anybody be able to tell me the requirements for obtaining an FHA or Conventional mortgage whilst on a visa?From what I gather I would need 2 years tax returns and 2 years credit history. Is there anyone out ther...
Jordan Gerkin
How many nights in a month can a guest stay in a rental?
I have a renter asking me how many nights a month a guest can stay the night without being on the lease? I know this probably varies state to state (I’m in Illinois by the way), but is there an average? And is this a ...
Alline Birkel
German investor investing in US real estate market
Hello everybody! I am new to BiggerPockets and super excited to use this resource and hopefully be able to help others out as well.
My question is regarding a German resident who has reached out and asked about how i...
Lois S.
How to vet prospects with several foster kids -
Got a call from a prospect with a full time job & several foster kids for whom he has guardianship. Without the (substantial) payments he receives for each child, he wouldn't qualify under our income criteria. Ho...
Toni Conway
Alternatives for eviction when courts give continuances
I have an LTR in Pflugerville, TX (outside Austin) with a tenant that stopped paying rent last October with no valid reasons given. My PM has been following "their process" with the lawyers, but the courts continue to...
Nich J.
Thermostatically controlled heat in every room for 30 yr fixed??
I bought a lakefront cabin and turned it into a short-term vacation rental. When i was working on the financing the underwriters at the bank, a large one, i use on my primary residence said they couldn't finance the...
Alejandro Garcia
Cash out refi - manufactured house
Has anybody had any success pulling equity from a manufactured house? I just finished installing one on permanent foundation on a private lot. Estimated value is around $300,000. No mortgage. I want to pull out 50-65%...