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FHA Loan and Closing Cost Question
Is it common for closing costs to be paid by the seller or lumped into a FHA loan? I’m currently saving up for a 3.5% down payment on my first property sometime in early 2017, but believe additional costs will be prob...
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New member in Western North Carolina
Hello,I have been buying and selling for profit my primary residence for eight years. I have finally decided to start investing in income properties. I am mainly focusing on multi-family units to hold long term for ca...
Brett Begley
Charlotte Turnkey Providers and Property Managers
Good morning,My wife and I recently moved to Charlotte from Pennsylvania and love it here...except for the 2 hurricanes and current snowstorm which I am assured by everyone is not normal. Or our fault for bringing it...
Julie Walker
Used central ac unit
The compressor on an old (freon) AC unit is locked up and the coils are rusted. Thinking about replacing with used unit. Per Manual J calculator need approx 2 ton. The closet unit is ok. Wiring is good. The house ...
Kyle Penland
Wood floors
Hey Everyone,I bought a property...Paid 12.5k for it. Has hardwoods throughout...Was covered by carpets, pulled up the carpets today and was ready to install vinyl sheet flooring over it. Lets be honest, the house i...
Steven W.
How Should I help my friend?
HI everyone,I've got a good friend from high school days (now 30 years ago, unfortunately, who is in a precarious financial situation. He wants financial advice--what would you tell him?Here are the details:He is 50, ...
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Current Duplex Owner Will Continue to Live in Duplex Once Sold
Ok guys, I am 100% new to this, so go easy on me. I am looking at generating passive income over the next few years with some buy and hold duplexes. I am going to go view a few this upcoming weekend and have a questio...
Curtis York Jr
Is this a good first investment? The numbers are as follows...
Property costs 9,900
I am able to pay 6,000 = 500 a month or 250 a check (bi-monthly) in one year
2 bedroom 1 bath
20 months or 1 yr, 8 months to pay off
8,100 in repairs.
18,000 loan 5% is 900 10% 1800
Prope...
Sarah Linkenhoker
Bad Appraisal, should we brrrr or flip?
Purchased a property a few months ago, this was meant to be our first official BRRRR but appraisal came in lower than expected and we are wondering what to do.
Purchased the property for $265,000 (This included $212...
Michael Cai
Under contract on a house with Incorrect listing information
I'm under contract on a townhouse in North Atlanta, listing has $155/mo on MLS but HOA just notified us HOA fee is $292/mo, which is a big difference. Under Georgia law or RE commission rule, can buyer cancel contract...