Cory O'Dell
Pre-Approved to use FHA as Non-Owner Occupied!
I’m not sure if this has been posted here before, but wanted to briefly share this information we found out regarding FHA. As a military member we have exceptions to the normal occupancy rule. Check it out:
“FHA loan...
Meldeine Sipes
Renting out a room in my home... no overnight guests?
I recently learned that there are a lot of people in my area that rent rooms to travelling nurses and other professionals on a month to month basis. I'm leaning toward doing this for now to get my feet wet and to sav...
Carlos Enriquez
Surprise lien letter from WA utilities on my recent duplex
I live in California and I purchased a duplex in WA State and closed on 7/24/2015. I had a PM already contracted to take over the same day, which he did go over and talk to the two tenants.Last week, on 9/16, 2015, I...
Vianey Monica galdamez
selling or not in California to buy a new property
NEED advise,
I have a condominium 1/1b that I got for 360k in La Crescenta Los Angeles California. I put down 130k when I got it because it was going to be for my daughter but things did not workout with her. She l...
Jonathan Warner
No finacing contingencies allowed?
Hello. I'm perusing through some online listings for multifamily in my area. I noticed a triplex that seemed to have an interesting bit of information in the description."Only cash or cash equivalent contract consider...
Nyan R.
Whats my next move with a Bad Management Team
Hi BP, I have a question and hoping you can help me solve it. Since I bought my property I been running into some issues with the tenants and the management I hired. First problem is that some of the tenants are behin...
Eric B.
Multiple people in a partnership advice
The scenario is me and 3 of my friends are looking to take the leap into real estate investing. We plan on buying a SFH with owner occupied financing and live there ourselves for at least the first year until we get o...
Account Closed
commercial closing protocol
I'm a residential realtor and single family home investor. I happen to be working with a apartment buyer who is buying a 30 unit apartment property.
Usually, I have my residential closer handle all my closings but sh...
Leticia Concepcion
What are the penaliteis for Wells Fargo Reo Owner Occupancy
I want to buy an Reo but it is owner occupancy. Its a great deal in a good area and I know I can maybe do a land trust, but if the bank does not accept the land trust what are my options? If I buy in my name then deed...
Nicky Wade
The Seller lives in her home
I have a seller who lives in the property she wants to sell. She wants to move out a week after closing. What do I put in the contract?