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I recently purchased a home with FHA 203K Streamline. I feel as my mortgage company just puahed everything through even with the appraisal coming back low.
Issue: Home insurance is cancelling because the policy wasn...
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Hello everybody!I have few questions about buying a house "subject to": the owner of the house is kind of under water so by buying subject to, I'll let the owner off the hook from the mortgage by paying it.However, I ...
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We are trying to sell our house and found a buyer who wants to do owner financing with us. This is not an investment property, but will be their primary residence. They came into some inheritance and want to put 10...
Hello,
I am considering earthquake insurance for my two properties because they are only a few blocks away. If I had a quake I would lose both homes. If I had a more diverse portfolio I would not bother wit...
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I am attempting to buy my first investment property but am having a hard time with attempting to use rental income without being owner-occupy. I know there is DSCR loans that base it off the cashflow or the property b...
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Hello BP,
I have a question regarding a HUD home my wife and I put an offer on a couple months ago. Our offer was rejected, but last week our realtor notified us that our offer was accepted as a backup off...
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Background:
So I'm about to close on a duplex utilizing a loan from the Veterans Affairs for a primary residence. I'm going to identify a homeowners insurance company to my lender in the next day or two. When I begin...
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Hello all! I house hacked a Multi -Family Home in Queens, NY almost 3 years ago. I'm ready to invest again next year but want to make sure my taxes are done correctly. I don't want to write too many things off to ma...
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I'm sure this is obvious and I'm overthinking it. My husband and I own a home in our names. We have an LLC that we use for management and marketing purposes (example, this is the EIN listed with AirBNB). When the leas...
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My friend told me today that he is moving to my area. He is buying it from an investor owner financed @ 10% interest for $108k. The investor purchased the home for $80k and put another 10k into it "supposedly". He is ...