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Learnt some interesting stuff today. For using an on 3&4 unit MF, you cannot use a gift as cash reserves. I believe you need at least 3 months of cash reserves (at least according to 1 lender). BUT! You can use th...
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So I'm about to graduate UofU in mining engineering in roughly a year. Upon graduation and saving up, I think it would be smart to invest in a fourplex, living in one of the units. I don't have much of a credit score,...
Hi there! So I recently got word that my wife and our soon-to-be-newborn will be heading to Oxnard, CA this coming Summer, and will be living there for the next few years. I own a few properties now (3 doors currently...
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I was pulling together 1098s so I can do 2015 taxes (normally I like to procrastinate, but this year I'm trying to refi some things so I'm motivated), and I noticed I got an escrow bill for nearly a thousand bucks.Wha...
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I don't understand the term Equity. Can someone please break it down in RE wholesaling terms. I looked up the definition and this is what I got..... The difference between the current market value of the property and ...
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After buying a few duplexes over the last year and a half I have recently been looking at complexes in my area. I found one that might have potential but of course there is a problem. The listing agent is not providin...
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Hello BP,I bought a duplex in late 2014 with an FHA loan. Since that time I've been getting a lot of letters in the mail regarding reduced Mortgage Insurance Premiums. So yesterday I called up one of the lenders and...
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I just read Chad Clantons post about Bob Gonazalez in San Antonio and wanted to echo his hairy experience with Bob and give some clarification as to what was happening so that people can spot this in their own invest...
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I've purchased a few investment properties in Washington State and now I would like to invest more in the Great Seattle Area. Obviously the traditional 3% commission of the buyer agent takes up a big percentage of pr...
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I could use some advice on how to delicately give notice to existing tenants that are a hold over from a property I just purchased. They are month to month and I have a copy of the original lease. The original lease ...