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Looking to purchase a HUD home
I am looking to purchase a HUD home with an FHA loan and a 3.5% down. From my understanding, and please correct me if i am wrong, with a HUD property it is owned by the government and they will accept an FHA loan over...
Michael Archard
Contingency Issue: Increased Down Payment before Low Appraisal
Hi BP,
I have an interesting legal dilemma here. I listed a flip for sale a few months back and accepted an offer (over asking) from a very strong conventional loan buyer. Unfortunately the appraisal came back low an...
Chris Martin
No HUD sales... for how long?
Since we can't bid on HUD properties for the time being (in NC, SC, IL, IN, VA, WV) does anyone know when HUD sales will be back in business? All HUD properties were withdrawn, because of a change in the asset manager...
Adam Taylor
"Buy the Rumor, Sell the News"
According to people who study the stock market, there is a common theme, "buy the rumor, sell the news." What does this mean? As people look at market trends and when to invest, there are certain signs that can get yo...
Dillon Francis
Sitting Down With Seller to Discuss Seller-Financing
I have been listening to some of the podcasts where the guests have been discussing seller-financing. I would like to learn more about the process from the buyer's perspective. Does anyone have any advice in regards t...
Clayton Mathison
How can contractors work with Landlords
Hello,I have a business that offers junk removal and small demolition. Two services consolidated into one, how could someone is my position get in front of landlords and investors? Any advice?I look forward to your re...
Brian S.
Selling property
I am selling a under $10,000 rental property in Pittsburgh. I am selling it extremely cheap to get rid of it quickly. I found an ad on craigslist and made a call. A "gentleman" came out to the house and made an off...
Mark Alford
Is there a bank that will lend a HELOC on a Multi Family Property
I am interested if anyone has a referral for a bank that will lend (first position) a HELOC on a 4 family property in Columbus, Georgia. This may put me in a position to be a cash buyer for the next property. I have a...
Bennet Sebastian
Personal guarantees from limited partners
So I just got turned down for a construction loan from a local community bank for a spec medical office project that I am planning to build. I have the site under contract and all of the numbers work. I have a several...
Mark Graffagnino
VA Loan
I've got a property for sale and have received two very similar offers. Offer #1 the buyer is using a VA loan and Offer #2 is conventional. I really like the idea of helping out a veteran but I've heard that VA loan...