Suzanne Prieur
Underground Oil Tanks
My inspector discovered an underground oil tank on the property I wanted to purchase. I called the State (Florida) to ask their opinion of how to handle the issue. I was told that there is nothing in Fl. law that proh...
Account Closed
Million Dollar Listing LA / NY Series: Prepaid Rental Deals Legit?
have noticed in multiple episodes of Million Dollar Listing LA (and possibly NY but i rarely watch that one) that sometimes in marketing the sale of some homes, a rental deal is closed where the renter agrees to prepa...
Michael Dunn
Loan for Repairs if buying as an Investor ?
Good Evening BP community,Just had a simple question , which is ..... Is there a way to add X amount of dollars to a Conventional Loan, if you are buying a property as an Investor ?So if I am wishing to purchase a pr...
Tina Verstrate
Signing for Permits
A new contractor has just handed me some paperwork to sign; the Notice of Commencement, which to my understanding, is required that I sign, and a builders permit that he wants me to sign and have notarized prior to hi...
Chad C.
bank asking for personal financial statement
A bank that I have 2 mortgages with from 17’ and 18’ has sent me an email requesting an updated personal financial statement and tax returns. I was a little surprised being unaware of my responsibilities to maintain t...
Marissa Nadeau
Informing mortgage bank that you are starting to rent?
Hey guys,Quick question for you, are you obligated to inform your mortgage company that you are starting to rent your property?
Andrew Maxwell
Retirement property north of Asheville
Hello! I am currently under contract on a 68.5 acre plot of land in Marshall,NC. I’ve had the inspection and appraisal done but are hitting problems with the lender. Carolina farm credit offered a 10% down option but ...
Chris Pesola
FHA Underwriting
Hello Biggerpockets members. FHA underwriter is requesting a second appraisal(which I figured) and asking for a "written LOX for the purpose of the quick property turnover". Has anyone gone through a similiar situati...
Account Closed
Texas contracts and assignments
I know most of you are tired of answering these questions but I'm gonna ask anyway.
Can someone tell me where to find a (free or low cost)Purchase Contract and an Assignment that I can use in Texas?
Also, if these d...
Tony Thompson
Owner-Occupy Strategy
Despite the possible "close" tenant relations, I want to discuss the strategy of owner occupancy; and only discuss the financial aspects.
When an investor buys a duplex for himself and to rent the other side, he gets...