Bret Gillespie
Primary Residence Requirements
So my wife and I are looking at options to add a property without having to put a ton of money down and thinking about changing our primary residence, however, still want to stay in our current home at least part time...
Dennis Nikolaev
Heloc reserves requirement.
I am considering to take a HELOC out of my free and clear rental. I do have 6 units.The first agent I spoke to said that I got to have 6 month reserves on ALL of my properties. That is like 40k just chilling in checki...
Gianluca Carella
wholesaling legalities / requirements
Hello,Can anyone tell me whether or not you need to be a licensed agent in order to legally wholesale deals? I have a feeling this differs from state to state. I live in California and how would that work if we were ...
Dan Portka
BRRRR Lending Requirements
I recently purchased my first property intending to do the BRRRR strategy. I was recently informed by the lender that there is a 6 month waiting period before I'm able to refinance. They told me I needed to have the r...
Lawrence Luce
Bathroom door requirements
I am remodeling a bathroom for a future rental at the moment and I am wondering if I am required to actually put a door onto the standing shower install. The bathroom is very small.
I know this may seem like a s...
Account Closed
New mortgage requirements
Just read an article that Fannie Mae has been doing a second credit check. This is obviously causing problems for some mortgages.
With the passage of the Financial reform legislation there will be a large number of ...
John Duncan
FHA Loan requirements??
My Uncle has come forth with a proposal to finance my first rental property. The property is a single family 5BR 1.5 bath 2,025SqFt with driveway parking located in Paterson New Jersey. This property was actually my g...
Josh Nelson
Primary residence requirements
I own a few investment properties and part of of a small business in the town I grow up but I currently live in a bigger city about a 5 hour drive away. I end up making the drive pretty much every other weekend and ha...
Ashley Schillinger
Rejection Letter Required?
We received three applications for a property within a day of each other. We have selected the best qualified applicant. What are we required to do to notify the other applicants that we will not be leasing to them? C...
Jacky Johnson
Completion Bond Required?
If I need to have a $50,000 job done on my home, should I require the contractor to purchase a payment and completion bond? If so, who usually pays for the completion bond? I have heard that a completion bond is usual...