Farida Mostajabi
Underwritting denied my loan
I was going to close 3 deals in two weeks to rent out. I was pre-approved for all 3, but underwriting denied me today. They did not provide much detail except that the depth to income ratio is the cause. I definitely ...
Sam Alex
effect on interest rates on market
hi,I'm planning to sell my old house to avail the capital gains exception, i have a few months left. My original thought was to wait out a couple more months and then put on the market - hoping to get a better price a...
Dan Madden
Covenant Deed from Fannie Mae?
I just received the title work for a cottage I'm purchasing owned by Fannie Mae. The cottage is located in Northern Michigan. The Schedule B-1 requirements include this clause:7. Covenant Deed from recited owner to...
Austin Bright
Best lead sources for motivated sellers
All,
I've spent the past year marketing to sellers whose information I got from propstream & property radar. I have gotten roughly 30 deals of vacant residential lots & SFHs (owner occupied/non-owner occupied...
Debra Muth
Need Help with a rental and purchase
I am new at investing and am trying to find a way for my daughter to keep her first house that is 685 sq ft 2 bedroom as a rental and buy a second house. The bank is saying because she has an FHA she cannot keep the f...
Jordan Deeney
Seasoning on Cash Out Refinance???
Hey everybody.
So I have been trying to figure out the exact science on the cash out refinance that is involved in the famous brrrr strategy.
At first, I was under the impression that yes, you can find banks (typica...
Jameson Hedin
Can I qualify for tax exemption if I lived in home 23 months in the last 5 years
I have 2 questions that I would love if someone had insight into. 1) as the title says, we don't quite reach 2 years for the tax exemption. We were one month short before renting it out. We closed in May 2018 and th...
Will Gaston
STR Agent/Operator in Charleston
All:I'm based out of Columbia, SC but looking for a referral in Charleston. A friend is looking to buy STR condo downtown on the peninsula. Hoping to connect him w/ an agent and/or operator that specializes in STR i...
Brittany Villamil
HUD home and Mold
Looking at a HUD home...was just put on the market for 145k comps are showing 180-190k. House is extremely outdated but all problems just cosmetic...except for the mold. Black mold coming through the air vents. This w...
Jacob Hollen
Selling owner occupant Fannie Mae property before 1 year
Hi i had bought a Fannie Mae homepath (owner occ.) property with the intention of BRRRR’ing it and ended up getting a lucrative job offer on the other side of the country and it would be more convenient to just sell i...