I am a 25 year old Male from Silicon Valley, California and have saved up $80,000 in cash, over many years, and am ready to buy my first rental property. Ideally, I would like to buy a turnkey rental property within t...
I received a cold call from a RE agent last week asking if my family was still in the market to buy a primary residence. During the discussion I asked why she was calling me in this hot sellers market. Her resp...
Hello BP! I have been more active on the forums recently and I have noticed a common thread present and that is people like myself or in similar situations. I have asked this question and get the same response every...
A property I am interested in purchasing had some extensive repairs - water leak from roof resulted in wood rot. The repairs were done by quality engineers and remodeling crew. The repairs will be evaluated again by...
I'm looking to get the history on a house I'm seeking to rent. From A to Z, anybcomplaints, foundation issues or any water damage? Address is available upon request.
We purchased a rental house that has a capped natural gas line sticking out of the floor along one of the walls in the kitchen. Our contractor said it's too hard to get underneath it to pull it down below the floor an...
Hello folks,I've been trying to buy an REO for a few weeks now and have placed several offers. In all cases the contract have been awarded to other buyers. Numbers don't lie so my offers have been for the price that w...
In the spirit of the 2% rule, let's say I found a property with a rental rate of $1,400/month, appraised at $125,000 and selling for $97,500. Since the loan to value ratio presents natural equity in the deal at 78%, w...
What will happen if I buy a property for 30K and the minimum loan is 50K that the VA will do? Will they say no? Will they give me the cash:)? Will the seller give me the Cash:)?
I' m planning on renovating a 2x 2/1 duplex (ca 1500 sqf total). Current electricity supply is 100Amps for each unit. My GC claims this is plenty of power since hot water and furnace both run on natural gas. I w...