Nicholas Sambrick
Closing costs buyer or seller for cheaper down payment.
We are looking to buy a property that we are planning on house hacking and want to get in for as little up front costs as possible. The seller has a number they want to get for it. Would it make sense to add an extra ...
Brick Biermann
Using Cash Out Funds to Purchase Primary
Hello All,
I recently completed a refi/cash-out on my multi-unit (4 units) property which I also use as my primary residence [been living in one of the units for several yrs]. At one point during the process of the r...
Charlie MacPherson
Clayton Morris Sues James Wise - support him through Go Fund Me!
I'll stipulate that I don't have any first-hand experience with Clayton Morris, aside of liking him as a former weekend host of Fox & Friends.
However the stories here on BP are overwhelmingly consistent. Scam...
John Collins
Is a 5% buyers fee on Auction sites normal?
That is a huge number to me. I am using hubzu.com to bid up to/around 250k and they clarify this is their fee specifically for "hosting" the auction, separate from earnest money or anything that goes to the actual sel...
Mathew Fuentes
Buying a 2/3 family home with tenants Bridgeport
Hey everyone. So im looking into buying a multifamily and quite a few of them have tenants in place already. I wanna house hack so some/ all the tenants may have to go. Im using an fha and i have to live on the proper...
Patricia Steiner
Fannie Mae Introduces 5% Down Payment Option for Multifamily Homes; Owner Occupied
For those investors who are looking to acquire and occupy a 2-4 unit MF property, it's going to be a lot easier to do so. Look at this:"In a significant policy change, Fannie Mae has announced that, starting from the...
Joe B.
Use second residence mortgage for rental property
I'm looking to buy a property in the Phoenix area to do short term rentals. The real estate broker said if I used a second residence mortgage instead of an investment I could put less money down and get a slightly bet...
Rod Coleman
How to fill out the contract when you plan on wholesaling and assigning it
When wholesaling a contract, and you do not have an entity and you plan on assigning the contract do you put your name on the contract as buyers, and at closing the attorney uses the assignment of contract to close in...
Julia Cramer
Lost out to a lower bidder
Hello all. I have been reading this forum to gain some insight into bidding on a homepath home. Lots of great advice here, so thank you. I noticed a Fannie Mae home that I bid on and lost was back on the market. I...
Don Harris
How to structure Purchase Option so that I can retail after rehab
I'm looking at an opportunity property that the owner will lease to me with the option to purchase at a wholesale price. The property needs rehab. I see this opportunity as "owner carry" while i fund the rehab. Then r...