Patty C.
203(K) or conventional loan
If you exercised the option to Renovate using a 203(K) loan ORPurchase with a conventional loan, use your own money to renovate, and then refinance the money out after rehabbingHow did it turn out?What advice do you h...
Meghan Rusen
Selling primary home subject-to
Hi all! Looking for some advice...My husband and I have been in our current home for almost 4 years. We are moving out of state in January (from Louisiana to North Carolina) and will need to sell our home. We have f...
Jeff Fairchild
Buying subject to then selling on land contract
Ok, so what are the pitfalls to buying a property subject to and then offering owner financing and reselling it right away for a higher price and higher interest rate? Ex.
I have one now w/ $127,000 mortgage, $759/m...
Malia B.
Purchasing w/ Self Directed IRA
Hi BP. I'm interested in learning about purchasing property with a self directed IRA. I have a 401k from an old job that is sitting, growing slowly. If I can learn how and it makes sense I'd like to use that money to ...
Colby Fuller
203K loan process and information
Hi there BP community, who has had experience with a 203K loan? I know there is two types, one for over $35K and the streamlined version for under $35K. Can you do a streamlined 203K loan in conjunction with a VA lo...
Alex Roth
Closing Cost Credit for Repairs Greater than Closing Costs
Hi All,
I am in contract to purchase a 2-family property. I am financing the purchase with a 3.5% down FHA mortgage. Through my due diligence I discovered repairs needed and have agreed upon a credit from Seller in t...
Rich Hupper
Home never went to probate mortgage company won't accept payments
Hello BP I have the following scenario I am trying to wrap my head around right now:Neil owned a home and has it mortgaged with Citi Mortgage. Neil has owned it for 50 years and allowed his daughter Anne to live there...
Christopher Erwin
How to Get a Mortgage without W2 Income
A critical element of RE investing is access to good financing; rapid lender approvals and good terms provide an investor significant advantage in winning deals and generating strong ROI.For first-time investors or th...
Thomas Lo
Better Market for Out of State Investor: Phoenix or Indiana?
I am currently invested in a small MF in Phoenix in a great area, and am now looking at further investment opportunities in Phoenix in SFRs and 2-4 units. Having driven the market before buying, I know that there is ...
Sheik H.
Probate stragety...
For those of you who actively pursue probates--- I am wondering if probates are a good way to acquire owner finance deals. I am thinking that quite a large portion of probate deals would have free and clear properties...