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Getting Incorported??
I have a group of friends that want to pool some of our money and start buying property. We would like to get incorporated first. I have a couple of questions.
Does it matter what state you incorporate? If so, a...
Jonathan Buelow
First time property manager shopping (long term rental)
I am buying my first rental property and am looking into hiring a property manager. The property is a 4-units, 2bed-1bath multifamily, located in a more depressed area of the town, so many of the owners in that area s...
Cristopher Hanks
Buying a second investment property when I don’t have access to equity from 1st
Greetings,
I currently own one single family home. I have a lot of natural equity built up and I currently have tenants occupying it on a 1 year lease. I am currently living in a separate property I don’t own, just r...
Jack B.
Getting offers accepted with a long closing period-1031 dependecy
I'm about to embark on a journey where I'll be making offers on houses with a long closing period of 90 days or so and a dependency on my 1031 relinquished property selling first. I need to do this so that the replace...
Manraj Singh
Existing loan not Freddie Mac Complaint - underwriter error
I had a call today where my loan servicer said that my existing loan ( financed in 2021 at 2.75%) was no longer complaint. The issue was with the underwriting. They assumed a bigger RSU component in my assests at the...
Nam Nguyen
How to buy a home that isn't for sale YET?
I realize this an an odd question for the BP readers, but I tend to do that.How do you persuade someone to sell you their property? I've listened to several BP podcasters that say they use direct mailings, but is tha...
Mike Hummer
realtors discourage showing
I found a property that I wanted to look at the interior of, possibly make an offer, I went to the listing office to set up a time to view it. I was supprised that they discouraged me from looking at it, I was told ,"...
Kelly Layne
Small square footage - challenges?
We have a line of credit. Used this line of credit to make a full price cash offer on a 350 square foot home (cabin) sitting right off Kentucky Lake in rural Western Kentucky. We were competing with four other buyer...
Vivana Hernanes
First Pending Deal. No EMD?
Hello, I currently have a pending contract on a property. The real estate agent said I have to put in a EMD (Earnest Money Deposit) which is 1k. I tried borrowing yet no avail. This is my first time wholesaling and fr...
Chad Duncan
Should I buy this...?
I am looking at a property that is a bit odd. It has a triplex and a sfh on the same lot. It's On the market for $330,000. The rents total up to roughly $2500 per month according to the seller. I have a loan pre-appro...