I have a home that I purchased land contract 5 years ago from my father for $93,000. The contract was written that I would need a balloon payment at the 5 year mark which would also put me at just over 20% equity.5 ye...
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Hi, everyone, I have a house under contract and now we are under attorney review. In the first letter that we send we found out the house is in a short sale. We put a bid for $193,700 which the current homeowner accep...
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Ok so this is where I get a bit lost when talking with sellers: It's like I suddenly get lost when they start telling me about what kind of heating and air they have. I guess I have some of these components confused a...
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Hello BP-Making an offer on an REO in Islip on Long Island, New York. The second floor has some fire damage, but the ENTIRE house needs to be gutted including all the walls, floors, and ceilings throughout the whole h...
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i have found a home in homestead Fl. i have been approved for a 3.5% FHA loan.I had made acash depositof $3000 back on May 28th. it was disallowed for use as down payment/closing but i don't have my loan docs yet and ...
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Whats up BP!?Mack Rahnenfuehrer here and I am hoping to be a new first time home buyer in the next month! I have found a duplex for 500,000 that shows it cash flows, but is slightly above my Preapproval (400,000).I am...
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Hey all!First post here and excited to learn!First wanted to give my scenario:I just got my first home under contract and getting ready to close in a few weeks, in Round Rock, TX. I'll be living in the property as my ...
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Hi everyone, I currently own a home in Washington, DC, and I think I have about $100,000 or maybe $80,000 in equity I want to leverage to buy a second home, which I would operate like a rental though would want to kee...
Good morning, I'm a new investor interested in buying a mobile home park in Northern Ontario. The property has 10 homes on it right now (mix of owned by the park and privately owned paying the park rent). There is als...
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So I'm trying to determine if I want lock in a FHA loan or conventional loan I qualify for both. I don't like that the FHA loan is essentially $5,800 more for the cost of the loan due to the upfront mortgage insurance...