Karin Crompton
Potential buyer has a USDA loan. What do I need to know?
Hey all,We received an offer on a property today in which the buyer is using a USDA loan, a product I'm not very familiar with (but will learn). To cut to the chase, is USDA similar to a VA loan in that the buyer is e...
Henry Der
C-Corp holding LLC's that Hold Property
Will be purchasing Ohio real estate for rentals and flips under LLC's. Planning to use a C-Corp to hold these LLC's. Can I use a C-Corp registered in a different state with better taxes, or must I use a C-Corp regis...
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...
Quentin Johnson
Let's get creative - Deal Brainstorming
I was approached about getting in on a deal for a condo in Dallas County. The condo had an electrical fire about a year ago and the owner has been making mortgage payments and rent at their new place during that time....
Jay Helms
Duplex or quadplex?
Pensacola BPers! Ran across an opportunity on a quadplex, however, doing my research, public record classifies this property as a duplex. How do I find out if it is permitted to be a quadplex? If it is a duplex, what ...
Jill Davis
Limited partner in a multi-family opportunity fund ?
Has anyone here ever become a limited partner in a multi-family opportunity fund? (basically a real estate investment where a private equity firm raises capital to fund the purchase of huge apartment complexes and the...
Esteban Perez
Los Angeles
With property being so costly in the metro area, how is it even possible to acquire the first deal that has a positive cash flow with limited start up funds.
Jon Klaus
Add new tenants to the lease?
I've got a large house (5 BR) with a couple and 2 kids in it. They want their friends (another couple) to move in with them to share costs/housing. The new couple has good income; enough to qualify on their own. I'...
Tommy R
Is there a limit on how many wholesaling deals you can do in a year without a license?
It honestly seems questionably more advantageous to do wholesaling without a Real estate license (If you know what you're doing).
So my question is, are there any limits?
For example, for wholesaling vehicles, I've ...
Lalainya Rawlings
Home Equity Line Of Credit (HELOC) Question
Lily has a house worth 600k with no mortgage. Will a bank lend Lily the full 80% in a HELOC, or cap the limit? Will Lily's DTI affect how big the credit line is?
Thank you!