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I live in the Chicago area. I'm thinking of looking for empty lots to put manufactured homes on to rent out. IS it common to find lots that are zoned for manufactured homes in Chicago or the surrounding suburbs? I'd ...
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I used e-renter for background check of an applicant. Although he mentioned he was never evicted in the application form, an eviction incident came up in the report. Address listings in the report show that he had so...
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We bought our first property last April owner occupied/conventional loan with 3.5% down. After speaking with our mortgage guy a few months ago he did a prelim pre-approval and said everything was good to go.Found a du...
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In my market, I see a lot of listings requesting cash only offers. Does this mean they're looking for buyers who don't need financing? With properties retailing from 400k-800k, I can't imagine that's the case, but may...
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Hi, i am looking to put an offer on the condo but i am alarmed after looking at the financials. It seems to be like the condo is heavily in debt and spending huge chunk of condo fees towards interest payment. Is this ...
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Hi - I'm curious the best way to approach that initial investment purchase. Should I buy it and move it under an LLC? Buy it as an LLC? Any suggestions? Thanks.
Hi, My friend and I want to buy a property in partnership 50/50 (not under an LLC so we can use conventional loan). He wants to invest his 50% with his wife. My understanding is that if the three of us show on the tit...
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Wondering what the process looks like for getting a conventional loan for an out-of-state deal. For example, if one is looking to buy in PA but lives in NJ, is the typical process to inquire with banks local to the pr...
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My best friend has been waiting on a condo that's is a short sale . Finally heard from the bank and his lender requested for a condo certification . Do all banks/credit union need one ? Or How can he go about this ?
So, new to this whole financing thing. We’ve only used conventional mortgages up to this point. Got this from a local bank here in OKC and looking for thoughts if this is good or bad deal. TIAHere’s what I would propo...