Could I use an FHA loan to purchase a multi family for my brother who is a college student. This would be his primary address but not mine. Not sure how that works.
Put him on the loan so that it's sort of owner oc...
Hey guys so I have a quick question , my friend and I have finally decided to pull the trigger and buy our first flip . To keep things short and sweet I wanted opinions and how I should fund my portion of this flip . ...
Hi everyone I'm Rafael a rookie investor from Chicago area. I'm looking to invest in Chicago and Northwest Indiana area. I'm looking to start my first house flip. I'm looking for help on what order do you create you p...
Hi,I have tenant asking for a copy of home insurance. Tenant is saying their car insurance company requires them to have proof of home insurance for the home they live in so they can renew their car insurance. They pa...
There is an investor in my area who writes a blog I like to follow, and in one of his recent posts he talked about how he purchased and flipped a condo while using seller financing to fund the transaction. I asked him...
Hi All:I am buying a property on a land sale contract. The seller will retain title. Does the seller need to pay depreciation recapture in year 1?Thanks,Robbie
Are you supposed to tell the seller that you are a whole saler and that I'm not actually going to buy the home but just going to put it under contract and sell it to an investor? If not what do you tell them? Thanks.
A friend is currently renting a 3 bedroom apartment and paid a sure deposit. Two other people are renting the 2 bedrooms my friend doesn't use and they paid a security deposit to the landlord. Those two people are lea...
I am looking at some multifamily properties in Chicago and I am so confused when it comes to taxes here. I am looking at 2 properties in particular. 1 has taxes of $28K and 1 is $13K and both are in the same zip code ...
Hey All, I'm trying to get some feedback on a financing question. I will be seeking financing for a $150k loan as an investor with a standard lending institution. I can either do a 20% down payment and obtain a 4.62...