Michael Trocchia
99% of lenders CANT give you a straight answer
When applying for a loan on an investment property… some lenders say I need a lease signed (for proof of revenue) to qualify, others say I don’t “necessarily”. It seems it is a gray area to the 7 lenders I asked. Can ...
Jeff B.
IRS Scam Call
CAVEAT EMPTOR:Got a call today which skillfully deploys Social Engineering. Did not recognize the area-code so I didn't answer the call and let it go to Voicemail. The message was:The IRS is filing a law suit agains...
Chris Jefferson
Short Sale Flopping
Not sure if anyone has seen this. Thoughts?
http://www.latimes.com/business/realestate/la-fi-lew-20100905,0,7858564.story
Account Closed
Property with a Realtor, How can I find the seller?
Hey BP!So there is this home in my neighborhood. It is in a very great location here in Richmond Texas. I always knew for awhile no one lived there due to the condition of the fence and the backyard is trashed. Unfort...
Brandon Erlendson
Purchasing a friends foreclosed home
Hello,
We recently had a family friend lose their home to foreclosure. It comes out they didnt make the mortgage payment for the last 7 months and now they're out of the house. They have reached out to me and asked i...
Thuy Pham-Satrappe
Pros and cons of using a quit claim deed vs title company?
When buying from a private seller, what are the pros and cons of using a quit claim deed vs going through a title company? Title company -clear title -more expensive -seller authorized to sell-takes more time (?) Quit...
Ryan Taylor
Who can do it...and how would you
Evening BP community...question for the Lenders in the room that are smarter than me...So I have a potential deal...and this is how I would like to structure it...if possible350K purchase price on a SFR...80 % convent...
Austin P.
VA Loan and acquiring rental properties
I purchased my home in February of 2021 with my VA loan. If the market stays on track, I will be in a position to sell my home early next year and pocket about $100,000 equity. I would like to start investing in renta...
David Hernandez
House Hack or Brrrr a property I already have ?
Seeking for advice from professionals , if you were in my position. I’m a 22 year old working in the oil field . At the rate that I am going I will have 34k $in December to start my real estate journey . My job is in...
Tyler Hahn
Property Management - Cleveland, OH
Hey all! I am currently closing on an occupied duplex in Cleveland, Ohio on 5/25, my first property in the area. Right now my biggest issue is property management, I have a few companies I have been considering but wo...