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...
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...
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...
Shane Woods
Please help me help my friend - buyer wants to assume his loan
Hi Y'all,
Here's the story, and my thoughts. Please help and correct any misunderstandings I have...
Friend bought a house FHA for $127K about 6 months ago. $5500 total out of pocket at closing.
A buyer (former ow...
Twana Rasoul
Need a little creativity to close off market duplex in San Diego
Hello BP,I’m trying extremely hard to get creative enough to make a deal work for seller and their family here in San Diego (lead came from hand written cards FYI). My wife and I would really like to owner occupy one...
J Scott
Going Rogue...
Is it just me, or is the title of Sarah Palin's new book a little bit weird?
While she didn't originally attribute the phrase "going rogue" to herself, does she not realize t...
Corinne Bogan
Financing my first investment property
Hi BP! So I am looking to purchase my first investment property in the next few months. I am planning to live in it for 1-2 years while in grad school, and then plan on renting it out. I'm trying to get creative with ...