So a borrower of a performing 2nd just submitted a 'Request for Mortgage Adjustment' to FCI and requested a short sale. All that was provided was a written summary of expenses, and the last 30 days of pay stubs. FCI h...
Wondering if I should provide appliances in rentals or not?
Hello Everyone,I am getting started into Real Estate specifically into wholesaling. I am trying to get preforeclosure leads and according to everything I read, it always says contact your local county. I contacted my ...
An Hard Money organization in Charleston has been offering funding for 1st mortgage security to Flippers with good plans for several years now. Another group of RE investors thought that if they teamed with the form...
Hey everyone,I manage a 7-unit building with a nonconforming basement unit pulling power from the common/basement meter. The owner would like to get the tenants to pay their own electric. I had two electricians take a...
I’m looking at rolling over my 401K into either a Solo 401K or SDI. I’ve researched the pros and cons of each. My lean is Solo 401K because I have a small business. I also plan to buy real estate with it using leve...
Is Renters Insurance A Requirement For Your Tenants?
Hello All, I’m closing soon on my first House Hack deal/rental property in Detroit that is a Duplex and the home has no appliances. I will be getting all appliances for my unit obviously , but I’m curious as to what a...
Is BRRRR investing one of the prohibited transactions in a self directed 401k?
Hi everyone,I took a real estate class and my instructor mentioned he hates having his information in there so he has it in a trust to prevent people from figuring out what properties he has or information in general....