Sloan Clark
Why would lender say conventional requires marriage? Must do FHA?
The clients (who are not married, but live together and are buying the house together) were told they HAVE to do an FHA loan. They wanted a conventional loan, and qualified for a conventional loan from a different len...
David Coffee
LLC Real Estate and Taxes
Question:. If me and my wife start an LLC for our real estate: Are we able to File taxes as a single member LLC instead of a partnership since we are married? . (We are in the state North Carolina)
Kristin Arden
FHA loans and couples
Hello all!
I have been exploring financing options. The goal is to BRRRR a property. I have enough saved for a conventional 20% down loan for a property around $250K (would be an out of state inventment). However, I ...
Steve Malekzadeh
Getting back in to the game at a higher level...hopefully
Have a couple of small rental properties in Montgomery County where I grew up. I live in NoVa and hoping to expand to this area but ineed to be more educated and aggressive. Not married to NoVa but just a thought, I ...
BOB CRANEY
Best practices in qualifying unrelated/Unmarried prospects
I have a really nice 2BR/1BA apartment in one side of a duplex that seems to be attracting a disproportionate qty of calls from prospects who are roommates/friends or a BF/GF and another friend. In almost all these ca...
Troy D.
Screening / Pre-Qualification Questions
Just wanted to get some feedback on some questions regarding screening. I appreciate any thoughts you may have. When a prospective new tenant calls about a property I'm assuming you do a screening interview over the ...
Account Closed
Commercial Appraisal Cost
Commercial MAI Appraisals will cost between $2-5,000 depending on the size of the subject property. I am posting to help investors avoid sticker shock when applying for a commercial or multifamily loans. The majority ...
Arlene Laupsa
HELOC question regarding deceased spouse
I have a rental property that I own free and clear. My husband passed 2 years ago, so he’s been removed from title, sonowh it’s solely in my name.
There’s a HELOC on that property with no balance, but is in my husba...
Jose Calderon
Dad to son house sale
my dad wants to sell me his house for $198,000 what he owes on his loan. The property is worth $350,00. My parents can't make the payments no more, what's the rules in regulation of taxes for my parents? Everything is...
Pria H.
Tenant wants to add his ex wife to lease (who won't live there)
Hi all,I rent out an apartment with 4 roommates who've been there over a year. Yesterday, we got an email from one of the guys asking if his ex wife that he is separated from, but "doesn't plan to divorce any time soo...