Shane Row
Would like some advice with my first real estate investment
Hello, I am a first time homebuyer looking to finance with either a 203k loan or standard FHA loan I have pretty decent credit but not enough cash down payment for conventional loan which is why I'm going the FHA rout...
Tony Cardello
Cold Feet: Request to Release Earnest Money
Hi all,I'm in the process of buying a duplex that needs a lot of work. Things have gone well so far but the sellers have presented me with an unexpected bump in the road.The seller has requested that I release my earn...
Gopichand N.
Is contigency reserve normal for property management?
I am currently in the process of reviewing a contract from a property management company, and I came across a clause that raised some questions.The contract stipulates that a sum of $500 per property, up to a maximum ...
John Wargo
Q’s on 203k Programs
Is there a set amount of time for the work to be completed, or is every lender/program different? Can any contractor (licensed & insured; vetted by HUD consultant) be used? Thanks!
Francis Figueroa
Does Wholesaling Make Sense?
Hello all,
I have a few questions about wholesaling in general & the process itself.
1. First, does wholesaling or searching for deals (in whatever way) make sense as a means of finding property to invest in? O...
Michael Peters
How to Structure a Partnership to Avoid Deadlocked Decisions
I'm currently in the process of writing out my a Partner Agreement for buy and holds and would love to learn from everyone's mistakes and best practices. For context my partner lives out of State and would be bringin...
Ray Day
Inherited 12 suite bldg needs repair
I'm in the process of inheriting a 12 suite bldg from grandparent. The bldg needs almost 200k in repairs but I know the monthly gross can be at least 8k a month. Not including a restaurant storefront on the property. ...
Jared Standiford
Lease option credit repair
Hello, I am currently selling a house lease option. I have buyers that have poor credit and would like to use this opportunity to repair their credit while saving the down payment. How does their credit get repaired...
Sarah Esposito
Do I have to repair the roof?
Hello. One of the bathroom fans leak every time it is raining and windy. Had someone come by to check it out and said the back of the house needs a new roof. Roof is from 2014 but was told it was applied incorrectly. ...
Gary Kelly
Offer Price vs. List and What Feds Paid For It
Looking at nice house in TN listed by FHLMC at $450k - was at $480k. They bought it last summer for around $360k.
Any thoughts on how far we can push them? Only thing we would ask for is inspection. They have that...