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According to this post, VA loans can be used to secure commercial property if it was originally zoned to be residential, which is great news. That said, the example in the above post is still less than 4-units, which ...
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Hey BP!I rent out a room in my owner-occupied home. I’m currently editing the rental agreement before the new tenant signs and moves in. I had a former tenant from before, and throughout, all of these COVID-19 shenani...
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In the guidelines for acquiring a NACA loan, you can't use the service if you already have property in your name. If your properties are in a LLC will they view that the same as if you bought a property in your na...
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Hi All,
Whats the latest news on working Indymac/Onewest short sales?
I read awhile back that they were not approving them because of the loss share agreement with the government. However more recently I've heard of...
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We purchased a SFR rental 1.5yrs ago with a partner that put up the capital for the Down Payment ($39K) we've managed the property and maintenance. Our partner has run into some unexpected issues and would like their ...
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Hello allI am having trouble with the appraisal on the refi out of the hard money loan. I purchased a sfr 3/2 for $69900 and put $14000 in repairs and added a legal bedroom in the basement to make it a 4 bed 2 bath us...
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Here are the details:
Seller's House Price: $10,500
Judgements: $32,700
My Wholesale Fee: ~$6,800
Closing Costs + Back Taxes: $1,700
Buyer Cash Offer: $19,000
The seller owns (4)...
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After 3 years, IRS has figured out that I owe they some money. They send me a tax bill claiming that I owe them $500 from 3 years ago. IRS is claiming that I made and didn't declare capital gains in 2010.
I a...
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Hello I have an issue with my wives grandma. She is currently residing in a house that is owned by my wife. Her grandma is not paying rent and has been residing in the house for the last few years. The home was origin...
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I just got a HELOC on my investment portfolio, so I can buy my next building with "cash".
I dumped all my operating funds in my HELOC to minimize the interest.
Now, I get a wrenching gut feeling that this HELOC can ...