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In an effort to stimulate repairs and sales in neighborhoods hard hit by the housing crisis and recession, the FHA waived its standard prohibition against financing short-term house flips. Before the policy change, if...
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Been thinking heavy about adding a few low income properties (Houses that I can buy for $10,000 or less and buy cash).If I decide to go this route I'll rent them to Section 8 tenants and make minimum repairs (paint an...
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Hi all... We have bought all of our rental propertes with conventional loans and now have a more difficult time getting loans due to the fact that we have so many mortgages in our name. The lender we use has pushed a...
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Morning all,We sold our house late last year in San Diego and ended up renting it out for the previous 6 months as initially our buyers didn't qualify. We spent almost $12k to get it rental ready (repairs, replacing ...
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We bought our 2 bedroom Apt about 18 months ago, and to our surprise, my wife became pregnant with our second child. In addition, my job role changed requiring me to work more from home, which makes it nearly impossib...
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Hey bigger pockets members,I was hoping to get your insight on the USDA rural development loan. I am looking to buy my first house/investment in the next six months or so after I build up my credit. One of my current ...
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I am looking at purchasing a foreclosed single family home that is selling for approx $135,000. I am a first time home buyer and would prefer to put a minimum down payment of around 3-5%. I wanted to see if anyone cou...
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I have no idea how real estate professionals can be so incompetent when it comes to Manufactured Homes vs. mobile Homes, especially when most states allow licensed agents to transact with them.Here are a few very impo...
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Hello Bigger Pockets family, I’m 23 years old and about to graduate from a university in the Midwest come this May. I’ve been wanting to invest in real estate for a couple years now, but have been putting all my energ...
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With rates 6.5%-7%, especially for investment properties right now, I just read about assumable mortgages where you simply take over the mortgage of the seller when you buy the property. How does this work? Can anyone...