Kelly Beck
Note Buying Auction Sites: DebExpert vs. Paperstac
Has anyone had good/bad experience with selling notes on either of these platforms? We're looking to sell our first note (unseasoned, 2nd lien). Before we sign anything I'd like to get some feedback. Are there any oth...
David Bridgewater
What are the FHA allowable credits at the closing?
I know that FHA allows the seller to pay a maximum of 6 credits. a) Is that in total with the closing cost and loan amount, or can it be applied to just the down payments on the loan?b) Does the prorated taxes that th...
Rodrigo C.
Refinancing home loan
I have one question as my first real estate question. I'm helping my parents refinance their home (older folks) directly with the bank since they are in a variable rate interest loan. The new loan terms are fixed at ...
Jake Mad
New immigrant family wants to rent no credentials yet
Hello I have a family who just migrated here so they still don't have credentials. The cousin who owns a business is willing to be the guarantor. Should I have the cousin's name on the lease and include the family as ...
Sudesh N.
Property Management Company in Chicago Suburbs
Hello!I'm a newbie to real estate investing. I have one rental property that I have been managing myself for the past few months. As I am looking to expand, I have been thinking about hiring a PM company. I was wonder...
Ola Dantis
Double Inspection Cost for Multifamily
Hey everyone, Is an inspection charge per unit? Or for the property?Our inspector is charging us double the price for duplex in Baltimore, MD [$500]. Is this typical? Also, if you can refer an inspector with better ra...
Stuart Cairns
Forms required for Tenants before purchase
I am purchasing my first duplex in July as long as the appraisal comes back OK. I read a couple of years ago that, before signing the transfer of ownership to have the tenants sign a form, which nullifies the previous...
Michael C Gregory
Contracting
Why does one of my sellers keep asking to meet at the recorder's office to do our deals? What does this suggest about the deal?Why isn't he setting up an escrow account?Thanks.Mike
Derek G.
Real Estate Capital Investor Agreement
Please advise what type of agreement typically is signed when a passive investor is injecting capital for a real estate project: Real Estate Capital Agreement, Real Estate Investment Contract, etc. In this scenario ca...
Andrew Mccrary
Real Estate Auctions
Where I live there are four homes that are in the process of being auctioned off. I spoke with the auctioneer and he told me to do my due diligence on these homes. What would the due diligence process be for these ...