Nur Al Sharif
Selling a mortgaged home
Hi all,I've been running some numbers trying to understand long-term gains on residential real estate investments, and came across a scenario that I can't wrap my head around. If I take out a $331,500 mortgage at 4% o...
Laurence K.
Over zealous section 8 inspector
I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection...
Katherine Menchaca
Owner Finance and Refi to VA
Hello fellow investors,I'm about a year and half into investing and have the possible opportunity to acquire owner financing on a very dilapidated 4 bed/3 bath pool house. The owner owes about 167K on the mortgage and...
Account Closed
Titles, Surveyors, Property Lines
We have an interesting twist on a new property we are negotiating. The owner has a home sitting on roughly 2 acres which for the most part only 1 acre makes up what would be considered the yard. The remaining land has...
Stephen E.
Landlord Vacation Tips
We are heading out of the country for a 21 day vacation and I am thinking ahead to make sure I have proper arrangements for managing our properties and in particular attending to any emergencies while we are away. I w...
Nikhil Mande
Due diligence while buying house built in the 1970s
Hi all, thinking of buying a property in Dallas, TX area built in 1972. I haven't bought a property of this age before. Trying to do all the usual due diligence. Looking for advice on what all factors to consider espe...
Fili Aguirre
Do you always verify tenants income?
Do you always verify tenants income? Is it necessary asking your prospective tenant to provide proof of income, like a bank statement and recent paystub? And require that the applicant provides you with 2-3 employee r...
Ashley Clark
The order of operation?
Hey everyone,
As a newbie, I have a question. So I identified a property and worked out the numbers. Do I put it under contract and then try to get the funding?
I'm stalling here because I keep coming across priva...
Mary B.
SAY GOOD-BYE TO HUD-1
Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect. I've included a few links...
Brian Baker
Equity Lines on Rental Properties
Hello BP Community,Have you had experience with equity lines of credit on rental properties? What kind of qualifications do lenders use for them? Are they harder to establish than lines of credit on primary residences...