Bradley Johnson
FHA Loan Triplex/Fourplex
I was recently in escrow to purchase a fourplex via FHA but fell out because the property didn't meet the self sufficiency ratio. The underwriter calculated the self sufficiency ratio by taking 85% of the gross income...
Raj G.
Equity Pledge, instead of 2nd lien
Hi,I have been doing private lending for a very long time, most of time first lien, some time 2nd lien also.recently came across a situation where first lien is already there on property and there is clause than 2nd l...
Konrad R.
Is 10k for water damage sufficient?
The policy I was quoted has a 10,000 limit for backup or discharge of water. I'm concerned about a pipe bursting and ruining the floors, drywall, and kitchen cabinets. Do you think 10K is sufficient? What is the norma...
Willy Wallace
Need help! First absentee homeowner phone call today-
Hey All,I just did my first phone call to an absentee owner in Cumming, GA. Nice guy...not sure how motivated he is to sell, but hoping to get your input/advice/guidance on what if anything I might be able to do with ...
Sonal Dhuper
Commercial real estate
Hi All!
My husband and myself are newbies to the real estate world. Looking for networking and investing opportunities in Northern Indiana or Southern Michigan.
Thanks
Sonal
Rachel Zhang
Is the property required to be 2 years rental for 1031 exchange?
I am selling a property which I have held for over a year. The majority of this period was used to evict the nonpaying tenant. We do have a judgement against the tenant over this. Can i use the proceeds to buy 1031 ex...
Avery Carl
Airbnb to Contribute $250M to Hosts Affected by COVID 19
Wanted to share this with you guys as Airbnb is finally giving the hosts a break on the extenuating circumstances policy enacted this month in relation to COVID 19. In a nutshell, they are giving hosts 25% of what we ...
Walter Pape
Dodd-Frank / SAFE Act regarding MH investing
Hello BP!!
During some research I have came across Dodd-Frank and SAFE act regulations with seller financing. As a new investor should I meet with a RMLO and/or Real Estate Attorney:
Before I start maki...
Mike Jennings
owner financing question
hi there,I'm about to get my first property under contract using owner financing by 10% down and all payments going towards principal for 20 years! My question is the previous owner still has the first lien on the hou...
Chris K.
I prepaid 2018 property taxes. Mistake?
So, following the near unanimous advice of everything I could find, because I have well over 10k in state and local taxes (and will likely opt for the standard deduction under the new tax bill), I went down to the Cit...