Francisco Lopez
What does it mean escrow shortage?
I received a letter from the bank, raising my monthly payment because there is an escrow shortage. Can somebody explain what does it mean? Payment went up by $400.00 and is eating most of my cash flow. Could taxes hav...
Ricky Sommerfeld
Showhome Leaseback Deal
Investment Info:
Single-family residence commercial investment investment in Edmonton.
Purchase price: $400,000
Cash invested: $42,000
This was a turn key, new build property in an under-construction...
Clinton Omiwade
Types And Classes Of Areas
What are the classes of Areas? A,B,C,D. What are they broken down into. Also am i better off buying severely distressed cheap homes? Or do the repair costs put me in a bad position
Joe Vastola
Taxes included in Maintenance fee for a Co-op?
I am looking into the possibility of buying a Co-op in New York City in the near future. Most websites list maintenance fees and minimum down payment but N/A for taxes. Should I assume that for a Co-op that tax is inc...
Taron R Colenburg Jr
Getting properties under contract
So from my understanding, you find a house in distress or a motivated seller, you estimate the repair costs, and according to those numbers you negotiate an under market price to purchase their home "as is". Once the ...
Rick Baimbridge
Is a 55,000 dollar mortgage possible?
I recently applied for a $55,000 mortgage with multiple big name banks and was informed that they don't write mortgages for that amount. Is it possible to get approved for such a low mortgage or will the points al...
Rich Gabrio
New member from Redmond, Wa
Not technically new to the site, but new to posting.....as of today! Thrilled to be part of the community, and looking forward to sharing and receiving great guidance!Background: I grew up with a passion for Real E...
Tal Tamir
22-Unit Value Add Multifamily Deal!
Investment Info:
Large multi-family (5+ units) commercial investment investment in Maple Heights.
Purchase price: $800,000
Cash invested: $250,000
Currently in our due diligence phase!
What ...
Lindi Nguyen
Underground oil tank found...risks?
I'm under contract on a rental house in Teaneck, NJ that has an under ground oil tank. Apparently, that's fairly common and legally it's on the seller to remove. Curious what the risks are. Seller has agreed to credit...
Jim Smith
Complicated umbrella policy question
Hi all, I have a complicated (at least to me) umbrella policy question. I live in California and have an umbrella policy for my primary home, autos, etc. My wife recently became 25% owner of a vacation home (her 3 sib...