I’m purchasing my first investment property. The seller agreed to $6000 cash credit for repairs, but now the lender is stating that the maximum credit allowed is 2% for an investment property. How can the seller comp...
Hello BP, I finally have my first accepted offer in Bayonne NJ. Its a duplex property and I am looking to improve each unit to maximize my rent roll. I was planning on adding vinyl floors to both units and having a pa...
What is the difference between breaking & entering, and squatting?If someone breaks into your empty house and then decides to stay, can you just call the cops and have them arrested for b&e/trespassing? I've n...
Hello everyone,
I have never bought a house or a rental, but I have started doing research and looking into what I would want. I just started my corporate career making an average salary. Looking to buy a cheap prope...
ive been going back and forth with a wholesaler based in philadelphia. he is pushing for me to purchase a property that he aquired via sheriff sale in philadelphia. he is pushing not in a shady sleezy sense but i...
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
My company is looking at the acquisition of a pool of first position non performing residential mortgage notes in various states. These mortgages are within 6 months of going to the foreclosure auction. Buying the not...
Hi BiggerPoketers, I am thinking of moving my family to a bigger residence, on the other hand, I have been on bigger pocket for a while and my goal is to get the knowledge andget ready to be a landlord. I am thinking ...
Purchased a property and ditched the deadbeat... you know the one with the 52" flat screen and surround sound that couldn't pay $500 rent? When he moved the TV the drywall collapsed - it was soaking wet from a poor...
Fannie Mae asking 185 for the property. Big old farm house built in 1857. I looked at it, and although it looked structurally sound for now, it has some major issues. Not hooked up to municipal water and sewer is the ...