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I will be inheriting a tenant who is a retired custom car builder/mechanic and his wife. Their unit is well maintained, and they currently do cleaning and yard maintenance on the side for other properties. They have...
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I'm committed to buying a house in Colorado Springs, CO, before the end of this year, hopefully buying another property afterwards for investment. Here's the problem in C-Springs: ZERO properties stay on the market mo...
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Has anyone heard of a law that says a Loan Officer must hold the Buyer's Information for 8 days before they can attempt to close it?
A friend of mine has been trying to close his home for months and is basically havi...
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Hi Guys, I purchased a property 2 weeks ago - purchased as in went to settlement, paid the title company, received keys from the seller- and I received a call today from the title clerk stating that she was contacted...
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Hey guys- I have a great deal 95% done on a 2/2 double wide in a high end park here in Washington. It's partially remodeled and quite nice and they had it posted for $20k but need to sell as the lot rent each month is...
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Hello - I currently own two, three bedroom row-home rental properties (closing on a 3rd in May) which were purchased with a private loan from my father-in-law.I would like to do a cash-out-refinance on the first two p...
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Hi everyone,
I’m a new investor in central Minnesota and I had a couple questions regarding the financials of a rental. Seeing as every CPA I tried to contact is busy with tax season, if anyone could answer even one ...
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Hello,
I would greatly appreciate if any of you can offer suggestions.
If you had:
-700+ FICO
-Up to $7,500 to put down
-Low income (assume no bank will lend due to debt to income)
What would you do? I feel that m...
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Hi BP'rs have a question here that may be a little different.We have a note on a house in Lansing Michigan. The owner, a very nice lady, has decided she cannot afford to stay and has offered us a Deed in Lieu (DIL). ...