Horace Ward
When to collect the security deposit and 1st months rent
Hi, I'm new to this forum and also new to real estate. I'm renting my home to 3 young professionals in Washington, DC. They each signed the lease dated for April 15th with a Saturday, April 16th move in date. When sho...
Justin Foster
Invest without income history
When I talked to my bank's real estate loan officer, I found out that I need 2 years of income history in order to buy my own property, even if I wasn't using a loan.
Can someone go into greater detail of thi...
Account Closed
Fill in pool?
hi- I just bought a sfr4/2 in Tempe,az. The goal is to rent itthere for 2 yearsrehab it and then Sell it. The house has a fairly narrow backyard that is basically all patio and pool. The pool pump is shot and the conc...
Christopher Lee
Is this a deal? First time analysis!
Hey all,I'm looking at multifamilies and I came across this $135k property. It has 9 units that gross $3600. Some of these are duplexes while others are separate buildings. I believe this would be considered a Class C...
Alex Sanchez
What's next? Attorney?
so I'm in the process of getting pre qualified for a loan. I think I should be set after today. Before I find or look for properties should I hire an attorney? Or should I do that once I have my property in mind?
Roig V.
Seller Financing - Still get appraisal?
Hi All, Just went under contract on a 12-unit apartment yesterday and are about to begin the diligence period. The seller is providing good financing at 4.75% for 10 years, 30 am. We have done a thorough valuation a...
Nicholas Vitalo
Real estate license benefits in neighboring states
I live in an area in Delaware that is close to the Maryland border. In addition, my job has me traveling through DE-MD-PA-NJ-DC-VA. If I get my real estate license and hang it with a broker in DE, would I still get ...
Devon L.
APR% for Investment Property higher?
Hi all, Quick question, I'm in the market for my first investment property and the first mortgage company quoted me 5.427% on a 30 fixed mortgage. The 2-3 family units I'm looking at are between 55-70K. One company ...
Nathan R. Cowger
Loans not legal because of the ratio of closing costs to loan
Trying to close a deal on an investment property that is $127k. The market is somewhat competitive so we are paying all closings costs as buyer. We are working with a mortgage company (conventional loan) that is telli...
David Smith
How to wisely invest $1m cash
Keep buying low and selling high? Not hard to double the cash each and every year. Any better way with better result and less efforts ?