My retired parents (in their 80's) are selling an investment property. They purchased it for 770k and it is now selling for 1.2 It was too much maintenance and work. They were considering doing a 1031 exchange but don...
I’m refinancing my primary to pull the equity out to buy another primary residence and rent out my current home. Do you recommend taking out all the money that you can? The rental will cover full mortgage with $500 in...
Hi, I am a rehabber from Las Vegas, NV. I've been doing rehabs off and on for the last 7 years. I left the rat race for good about 2 years ago. I'm really enjoying this site and I would be happy to offer my experi...
To those of you in lending,
I was told by a friend who’s seeking to get a cash out refi @ TIAA that they are no longer providing cash out refi’s.
My friend was seeking a Fannie Mae loan / cash out refi, high credi...
With an increasing number of mergers in the banking industry it’s no doubt that increased regulation under Dodd Frank has a role in it. Donald J. Mullineaux explores this topic more in a recent article from American B...
Just sold my home from Ohio to someone in Colorado. On closing day they found out they can’t wire money from there account to Ohio due to the amount. They had to put the check in an Ohio bank to then transfer it to th...
I have a seller whose house we are supposed to buy on Jan 3rd. Our title company just picked up on a tax lien that was from the sellers ex-husband who quitclaimed it to our seller X years ago. The lien is for 75k + an...
Most of us know that the Federal Reserve intends to increase interest rates over the next few years. Is this action likely to render the BRRRR strategy untenable? If BRRRR just becomes harder, how do you intend to ada...
If you're a buy and hold investor you may be getting scammed...The federal reserve has kept interest rates at near zero for the past 7 years. This has created an artificial increase in purchasing power and therefore ...
Hi,I am new here and although I have 2 rental properties currently, I am still very much a newb. I'm just learning as I go. I've had one of my property's for about 3 years now and my latest one I bought October 2019. ...