Teya Beradze
FHA related questions
Dear BP,I am planning on purchasing a home via FHA loan. I have few questions and open to your advise and suggestions.1. Those of you who had an experience in obtaining FHA loan, could you tell me what to expect and w...
Sean Chua
Buying down interest rate with points?
TL;DR - Is it worth it in this economy to buy down the interest rate with points?Loan Details: All-in (purchase price+ renovation costs) for $420,000; ARV projected to be $520,000; 70% LTVOption 1: 6.999% interest; $1...
Jeff S.
Reserve Studies going bonkers
As everybody has noticed the increase in materials and labor has skyrocketed which has thrown a wrench into condominium reserve studies. Since reserve studies attempt to forecast replacement costs of items over a 30 y...
Tae C.
Does HML count against your personal DTI?
Hello all,Not sure if this should go into Personal Finance or not. Anyway, question is as stated - does your hard money loan count negatively towards your DTI ratio? I am wondering specifically in the context of if y...
Bienes Raices
Were they lying?
I made an offer through the short sale's listing agent. Early the next morning I received an email that the seller had not accepted my offer, and that they had another offer coming in. They wanted my highest and best....
Joel Fine
Who is using NODs to find deals - and are you finding any?
I'm a new real estate investor, planning a BRRRR or Buy/Hold/Rent strategy with SFR homes in a major city in the Southwest US. One technique for finding deals that intrigues me is looking up NODs (Notices of Default) ...
Donny Random
Tax Poll
For those that own rental property, do you use an accountant or a computer program like Turbo Tax to do your taxes?
Greg Christensen
Help- No exit strategy on a land deal. Need options/ideas.
A friend/agent sold me deal "good enough to sell his mother". My intent was to flip it, but years later I'm paying $200 a month on taxes and resort membership on 10 acres that I can't get rid of. It's truly a nice s...
Pavan Krishna
any compensation for the tenant?
one of my homes has rodent problem. we are actively working with pest control to take care of them. however, due to strong odor, my tenants have temporarily found a hotel room to stay until the odor comes down. the...
Gerard Gonzalez
Changing zoning in Puerto Rico
My family and I have inherited a little over 6 (split 3 ways) acres in Corcovado Puerto Rico. I believe the zoning for the lot is agriculture which I believe is hurting the amount of money we can get for it. I would l...