After speaking with a friend who is a loan officer at Wells Fargo he told me the maximum loans has been raised to 10 loans. Does BP Nation have any info on this? Are their any new restrictions on these?
Here’s the basic info: I put a house under contract by paying the wholesaler, who is a FL real estate broker, the assignment fee. In working to get insurance, I found out the home was not insurable and I wouldn’t be a...
Just completed my first flip and sold the house on day one. Now with recent heavy rains the basement got flooded after closing. As per buyer there are signs of flooding before and they claim that I tried to hide that ...
As Dodd Frank Act coming, I can see that LO investor should use MLO ( Mortgage loan originator) as our middle man to structure a deal. I used to close a deal in an attorney office. My question is if you put a MLO i...
Hey everyone, so I thought I was ready to buy a house but im a little lost. Here’s my situation. Currently I am averaging about $8-$10k a month with my part time job and my business in total. I write off everything I ...
Need Cash Out Refi Loan Estimate (LE) without points. But for refi, I don't have a good balance in my bank account. Should I have at least $10,000 to do?The scenario is this below and it will be owned for 6 months whe...
I just won a bid my fifth property and am waiting for it to close. It is going to need substantial work. A lot of it going to be manual labor. Since the closing is just before college gets out I would like to hire ...
Hey Guys
Im going to break the ice on analyzing my current home. I've been paper investing my whole life and have been pretty satisfied with my ROI over the years, but with that, I am now interested in getting into r...
Brand new to real estate investing. I own a home and have good equity in it so I’m thinking of getting a HELOC from my home to help buy my first short term rental property. I don’t have much cash to my name so would...
While there's been much to learn through the podcasts, one thing consistently jumps out at me. Just do something! Execution is key, failing is learning and experience is gained through failure. So here we are upon our...