Marci Stein
Fannie Mae loan question
I was told by FM I need 20-30 percent down on investment properties. I read here it's only 10 percent down, and some have bought up to 8 - 10 homes through them. Did I misunderstand something? Please help clarify. Th...
Shawn Gibson
Setting Up Trusts for Subject To Deals
Hi All,I've developed a relationship that may lead to a "subject to" acquisition. My plan is to flip the property and do right by the home owner, who I intend to make an equity partner in the deal. I've heard of inv...
Dax Kirkwood
Increased house price for cash trade?
Hi all, I have a naive question.
I'm looking at a house for sale by owner, who I know. No real estate agents on either side. Seller wants $425k, house appraised at $440k, but needs a few minor repairs. Is it possible...
Kennesha VanBurch
Mobile Park Home Purchase Question - Lot Rent
Hi all - Hubby and I spotted ONE manufactured home for sale in a MPH not too far from us. The listing notes a lot rent of $759. Would we be responsible for a mortgage payment (about $600) AND the lot rent payment? Or ...
Larry Bly
Question about quitclaim vs and/or assigns
I am looking at investing with two partners and have discussed this arrangement with a lawyer. The lawyer recommended we make offers and sign the purchase agreement with "and/or assigns". Once accepted we would be a...
Cisco Soto
City told me my street is private and no permits needed. We used
I asked City for ok to move fence and they told me I , they don't have any judistriction on my lot. that is consider a private st..and could do whatever I wanted...THIS WAS CITY PLANNER
Denis Ponder
2% Seller Concession Max on Investment Loans?
Good morning,My lender told me there is a 2% max on seller concessions for an investment loan. Did we miscommunicate? Or is that accurate?Typically I make my offers with seller concessions to help with closing costs...
Julian Dozortcev
Sheriff sales and how they work
Hello all,I was interested in attending an auction and was wondering if someone can shed some light on how they work in New Jersey. You have to come with a certified check but how do you monitor what you bid. For exam...
Alicia Collins
LLC or personal name for all-cash offer?
Hi All, My partner and I are getting ready to purchase our first investment property as an all-cash offer. I want to know if we should put our names on the contract or put an LLC name on the contract? We plan to rehab...
Ian Thomas
Importance of getting an LLC
I just want to know if someone can explain to me the importance of creating the LLC so that I can fully understand the concept. For example, why can’t a wholesaler or houseflipper get paid without the LLC? And what is...