Christopher Dru
What are your house rehab "no brainers"?
Hello, everyone - I'm currently working my way through J Scott's books and taking notes. I'm a buy-and-hold investor by nature but it seems acquiring distressed properties and adding value through renovation (minor or...
Richard Warren
Fed Cuts Rate to 0-.25%
The rate cut was no surprise. However, instead of cutting to a specific rate they have established a range of 0% to 0.25% for the Fed Funds rate. The Fed is running out of ammunition.
http://finance.yahoo.com/news/F...
Thomas Visaggio
Section 8 Fair Market Value of Rent
I am looking to rent out an apartment in Newark, NJ to a section 8 tenant (my first time). Does anyone know exactly how the fair market rent value is determined? Is it done independently by an appraiser - or can I sup...
Julian Sage
Need help for first home purchase
Hello BP community,Am stationed in DC and have been prequalled for 400k with the VA loan. Currently am living in Oxon Hill Md and am renting a 2/2 for 1500. 1700 w/ utilities.We wanted to house hack but there are no h...
Shan Jinesh
Big box grocery store wants to build on my land, how to evaluate
A developer, with big grocery chain, reached out and wants to build in the land that my company owns. Instead of selling the land, we wanted to enter into a strategic partnership. Currently waiting on the different ...
Sartaj G.
Loan options for commercial retail property
Hi All,I am looking to buy a retail commercial property and looking for options for loan. I am planning on putting down 30% and take loan on the rest. I have invested in residential RE so far and understand financing ...
Will Barnard
Fannie going bye bye??
The rumor on the block is that Fannie Mae could be no more in the near future.
My question to all BP Members is: IF this happens, what would it mean to us investors and how would it affect our business, be it buy and...
Donnie Mendell
Fashionably Late To The Party
Hello BP Nation Donnie and Tina here from Merrimack, NH. The short version of how we ended up here is we bought a house to fix up while we lived in it. The plan was to sell within 3-5 years. It was going to be ho...
Alice Chicken
proof of Funds for REO property
hello:
As the bank makes any changes to pof. I just finished bidding on a REO property by Well Fargo here in VA. The agent told me that the bank wants proof of funds with my name on it?
i used to use my HM lender...
Deb L.
Special assessment -expense or depreciate?
I have owned a 30-year old condo for about five years that I have rented out the entire time I have owned it. The roof is original, has been patched but still not fixed. The condo is doing a special assessment of ab...