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Seller moves out AFTER closing?
So it looks like I might be moving ahead on my first piece of property and I have a question. What I've been told is that the seller can't move out until after closing because he essentially needs the money to move ou...
Account Closed
Follow up on TALF program; Extended
As some of you may, or may have not heard, the Fed has extended the TALF program til June 30th of next year.
Here's the meat and taters of it.
The Federal Reserve extended by three to six months an emergency program...
Eric C.
Help with getting started with a short sale
I have a deal where the best way for me to buy the house would be to convince the homeowner to do a short-sale and then give him a "consulting fee" afterwards.
How would I do this exactly? Would I write up a Bill of ...
Max T.
Electric Heat Pump in a Northern City Rowhome?
Looking at a home for the family. It was just renovated and has brand new everything, including an electric heat pump with electric backup.I am used to natural gas forced air furnaces. I understand that the electric h...
Mai Her
Need advice on a duplex just bought with existing tenet
I’m new to this and would greatly appreciate any advice. Just bought a duplex with existing tenants that I found out are not paying rent on a monthly basis. One for sure is 2000 behind already. I have not signed a le...
Mala S.
NJ Mortgage Lender Recommendations?
I am in contract to purchase a multi-family home in Hudson County, New Jersey. Can anyone recommend a reliable mortgage lender? I am seeking a conventional mortgage but I need a reliable lender that can close quickly ...
Alan Asriants
Thinking of renovating your bathroom in you rental property?
After rehabbing a few rental properties, I get asked: how do you renovate your bathrooms? The simple answer I give them: white subway tile. The reason I do subway tile on my tub/shower surround is because subway tile ...
Michael Klingerman
Our first project
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $425,000
Cash invested: $180,000
Sale price: $1,000,000
1920's Spanish, 3+2 (one full, one 3/4), 1900 sqft hous...
Jonathan Farber
Great tenant but should I be worried about this?
I have a tenant who's been in the property for 2.5 years. He pays on time, agree's to slight rent increases and even makes repairs himself when they are small (he's handy). He's also a good communicator. Recently h...
Daniel H.
Repairs vs Improvements
Just wondering how a potential lender would account for improvements done to an investment property. Do they count them against income for the year just like repair expenses, do they not consider them at all, or mayb...