Christopher Davis
I have a question about lis pendens
I want to know can you still wholesale a house that has a lis pendens from what I discovered about a lis pendens is that its a lean against the house and anyone who buys the house picks up the remaining amount plus wh...
Charlie John
Ever feel bad buying houses at big discounts??
Recently, I bought a house for 100k direct from homeowners.The place was an absolutely mess. Hoarder mentality going on. Along with animal pee, feces and even snakes in the basement. No not the kind you see Mitch from...
Edward Jung
VA loan amount for multi-family
Hello!I’m trying to get an understanding of the approval process for a VA loan. It seems that for serious consideration, a borrower has to have 6 months of the mortgage saved up. However, if the property is partially ...
James Sutton
Second Deed of Trust on Auction Property?
Hello, I won a property at a trustee auction a week ago and have a 15k deposit down. After our title company did a search, they found an old mortgage note from 1975 as the first deed of trust and there is a 28k ba...
Brandon McCombs
Ohio - if a co-tenant moves out whose responsibility is it to ensure lease is updated
I had 2 tenants (male and female) in the same unit a while back. They both signed the lease. The guy of the couple wasn't really living there most of the time because he traveled for work his business probably 90% of ...
Kurt Heggland
STR Owner must live within 75 miles of unit? Is this normal??
Hi BP!
The town where we have one of our STR is proposing an ordinance that the owner must reside within 75 miles of the rental OR have a contract with a 'resident agent' who must live within 25 miles of the rental!
...
Jimmy Wilson
1031 Strategy clarification
I am unclear on a couple of items I have been discussing with a fellow RE investor. Here is the situation:Own (2) condos in Breckenridge, CO that are rental properties and owned for 12 years. If sold, would net a $3...
Adam Martin
Rehabbing a Rental Property Using a Contractor
So I agreed to a binding deal last Sunday on what would be my first investment property. It's a single family home in the neighborhood I've lived in for the past 4 years, and knowing what I know about the real estate...
Dave Versch
Insuring for replacement cost vs. cash value
Hi,
I've got a mortgage app in for a rental property. One of the conditions of the mortgage (which were given to me after applying) is that I need to purchase replacement cost coverage rather than cash value coverag...
Andre Sanchez
First deal accomplished!
I would like to take a moment to share my story. I was interested in real estate investing several years ago but always felt it was not attainable. A few months ago I reached a point in my life where I have no debt (b...