Kevin Evers
Success with buying & renting back to original owner?
Good morning,I'm looking for insights from anyone who has had success with (or developed a niche of, or failed at!) buying houses and renting them back to their original owners. I'm thinking our target market would b...
Juan V Lopez
Appraisal Came In Much Lower Than Original ARV Estimate
From a close friend who needs help:I purchased a SFH earlier this year using a hard money lender, had an appraisal completed at the time and all the numbers checked out.Due to COVID, several properties in that area so...
Changrak Choi
Lender increasing origination charge one week prior to closing
Hi, I'm writing to seek advice on the issue I have with my lender prior to closing.I'm purchasing a duplex investment property in LA county, with closing on 1/24 (one week from now).I've locked the rate with the lende...
Brandon Miller
How do you handle additions to the original structure?
I had a question arise which I was not completely confident in knowing the answer. When dealing with a home that you want to add square footage to, what are some of the challenges that arise with permitting, issues wi...
Levon J.
Houses sold for much less than listed for originally.
Hi, I've noticed an interesting thing recently - some houses are being sold for much less than they were originally listed for. Not like when you would negotiate the price and bring it down by a couple thousands or so...
Mike Garland
Buying a Note but seller may not have original
As the subject says, I am purchasing a note from someone I know. I have copies of the original note, but he is having difficulty locating the original promissory note and deed of trust. Any recommendations on what ...
Kevin Hofstee
Title company requiring original trust documents for a refi?!
Using a local community bank in Michigan for a cash out refi on a BRRRR. The property is currently held in mine and my wife’s respective revocable trusts. I live out in Oregon, so they sent a mobile notary, we get t...
Sunil Kumar
$40k REO Condo - Originally 130k. Buy or Not Buy?
In a predicament. foreclosed loft sold for 130k in 2004, now an REO. bank wants 80k.
Taxes: 260+/mo.
Dues: 230+/mo.
All in all fixed cost to own the unit: $622
Will rent for $800 easily. $178/mo cash flow or $2136/y...
Sandy Uhlmann
Is having a copy of the original application important?
I am in the process of purchasing a note. Seller tells me that they don't have a copy of the original application. Is this important? Am I able to pull credit through a third party vendor without it?I know that FCI...
Naftali Tolibas
Need to Owner Occupy: Tenant didn't sign original lease
Just closed on my first property (duplex) and I need help!Long story short: The tenant does not have a signed lease (Owners may have forged, and I did not do proper due diligence) and I need to have her out. We've agr...