Victor Peng
Buyers Agent for Apartment Purchases and LOI Terms
Is it common to use a buyer broker/agent when purchasing apartment buildings?What are the typical terms when putting an LOI in your market? (EMD, Pre-Look, Money goes hard when, Days for due diligence, days to close, ...
Michael Dunn
Cash-Out Refinance..... Start paying Interest immediately ?
Just had a quick question please, regarding Cash-Out refis. 1. Do you get the Amount of Cash from the Refi. sent to you , via a Check ?2. Do you start paying Interest as soon as they Lender writes you the Check ? 3. ...
Michael Vaughn
Buying a note in the middle of a trial payment plan
I'm currently in the due diligence of a note, perceived as non performing but as I started to inspect the file I have noticed the current loan services company has reached a 3 payments trial payment plan agreement wit...
James McGovern
What Bank Is Fastest when it comes to Cash Out Refinance?
Would love to know if any bank exists that can do a cash out refinance where underwriting takes less than one week
Anthony Miller
Tenant Moves In Someone Not On the Lease
I have a Section 8 tenant who moved in his girlfriend and her son without due notice. My basement is FULL of her stuff and the neighbors are complaining about the loud music nearly every night at 2 AM. I have a stro...
Jack Sarcia
What if I cant 1031?
I will be closing on the sale of my 3 family next month for 450k and I will be netting about 100K before capitol gains tax.My problem/question is that my first year of self employed income does not qualify me for loan...
Terry R.
Duplex - No Comps - How much to offer?
I'm fairly new to investing. I have found a duplex that I am interested in. My realtor cannot provide any comps as a duplex has not sold in the past 5 years. How do I know what price to offer? My realtor thinks the p...
Patrick Jacques
Foreclosed with unpaid balance
While looking at properties I'll come across a property that says "foreclosed , unpaid balance of $ ". What does this amount mean? How is the unpaid balance taken care of? By who?
Matthew Sutton
Too many rental properties in the area
I was playing around on Zillow last night and did a rental search. In the town next to mine, there were 360 rental houses needing tenants in the Houston area. Should this be a cause for concern jumping into this real ...
David Ivy
Austin Market Report - September 2024
The September 2024 report from the Austin Board of REALTORS® (ABoR) shows housing prices in Austin and the greater metro remained fairly stable over the past 12 months. During that time, the median sales price of a ho...