Michelle Dong
Section 8 Investing
Hi All,My name is Michelle, I am a local long term SFH real estate investor in South Florida and am wanting to add on Section 8 investing in Detroit, Michigan.I currently am not knowledgeable on Section 8, but am educ...
Patrick Sears
Selling mobiles and carrying note or using MH lender?
Hello,
Been thinking about fixing & flipping mobiles on land to buyers and offering seller financing. Then I would sell partials to get my money back out and repeat. However, I ran across the 21st Mortgage webs...
AG Gupt
License requirements for investors?
2020 Update – License requirements for investors?
It is now becoming a vastly acceptable reality that within a few years the ‘wholesaling’ industry like we know it, is going to stop. Why? In a nutshell – the big gove...
Jane S.
What do you think about 3 furnaces in basement of antique triplex
I have never seen any furnaces installed in this manner. The benefit is that each of the 3 units has its own furnace. The bad news is that they are positioned all in a row in a “closet” in the basement unit. Don’t kno...
Miguel G.
Dodd Frank/Safe Act
I was planning on buying properties and sell them using owner finance. Then, I read the Dodd Frank and SAFE acts and ran into a road block. I heard that you need a Mortgate Loan Originator.All I wanted to do originall...
Bob Malecki
Higher-Priced Mortgage Loans Impound Requirements
Well, this note biz always has a new twist thanks to the feds. We just got this email from our servicer in regards to a loan that we purchased which is a fully amortized, owner occupied, 30 year P&I note at 12% co...
Pat Jackson
Points of egress for short term rentals (what's your city allow?)
My partner and I own a 6 unit apartment on a town square in a small town in Missouri. The building is ~100 years old, the units are probably 20 years old. Everything is either currently to code or grandfathered in b...
Richard Bradshaw
Owners can't sell till death of Mom bc home is attached to Medica
I contacted the owners of a home that is obviously not being taken care of. The owner who is in her 90s is in a nursing home. Her son told me they can not sell the home till she passes away because her medicaid is som...
Kristina Hinostroza
Landlord forms and screening
Hi BP,We are closing on a SFH shortly in South Carolina. This will be our first property that we will manage on our own. Yes, we are OOS but we have a team in place if something arises there. However, wondering if you...
Daniel Mendez
RE Attorney: Dallas / Fort Worth Area
Good evening BP members,
Do any of you who live, invest in the DFW area have a good RE attorney that I can work with?
Looking to have some contracts reviewed.
Thanks in advance!