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Condo FHA status expired and a non-responsive mgmt company
Hello all,Need some advice - there is a buyer under contract who can only do an FHA loan and the condo unit for sale FHA status has expired. The management company is not responding to any calls, emails from either bu...
Steve Pin
Buy property from foreign seller with under market price?
Scenario: An off-market property owned by an foreign investor who's willing to offload it and quick sell with a way-under-market-price (in CA)Question: Would there be any tax related or any risks involved if the sell...
Morgan Morris
Financing options in the middle of divorce
First, I appreciate whatever input I can get, I've found about a dozen great ways to finance that I won't be able to use so far, but I know there's a way to make this happen!As stated in the title, I'm going through a...
Weronika Jedrak
Inherited tenants and lease violation- NEW JERSEY
Hello, my husband and I closed on our first rental property in Woodbury, New Jersey. We unfortunately inherited the tenants, but the property was a good deal, so we went for it. It is a duplex, both tenants pay $700 ...
Quandra Adams
What happens if a Seller refuses to sign termination papers
I'm pass my DD period and im okay with that. I am fine with having to lose my dd and earnest money. That's the cost of wanting to invest in real estate. My agent sent the termination paperwork and called the agent but...
Lawanda Curtiss
Characteristics of a Good Lender????
Hi BP, I'm seeking some advice on finding a good lender. I'm just getting started and it seems like lenders won't give me the time of day unless I do a loan app first. I want someone who will answer all of my question...
Jorge Abreu
Closing the Deal - 📃The Checklist: A Roadmap to Success
Closing a deal can be a real rollercoaster ride! So many tasks, so much stress, and complications galore. But fear not, there’s a way to power through - the almighty checklist! It's like having a personal assistant wh...
Sarah Miller
Possibly acquiring section 8 tenants, what do I need to know?
Hello BP! Got some stuff brewin' I'd like some insight on. Possible 6 unit property I have been entertaining. My main questions involve the fact that many of the current tenants are Section 8 and on leases. If I we...
Robert E Erisman IV
Mine and my wife’s’ first family home purchase!
Investment Info:
Single-family residence buy & hold investment in Big Sandy.
Purchase price: $241,000
4 bedroom 2.5 bath
1.07 ac lot (in town)
Shabby chic remodel was originally built in 1950.
...
Kyle Fraser
Best loan to pull money out of a BRRR.
I recently did a BRRR on a property. I used all cash to purchase, rehab, and now it's rented for $1250/month. 150K invested total, house should appraise around 195K. Today, I met with a bank to discuss loan options t...