I’m advertising my second unit and almost immediately I was hit with the “will you accept Section 8?” question. I really have no idea how to navigate that question so I’ve tabled my reply and I’m curious what you guys...
So a quick history on this REO property.
Was foreclosed on 1/31/20 with $40k balance
Bank listed it on 5/21 for $54k
Reduced price to $49.9k after 30 days
Reduced price to $47k after 60 days
We offered $39k
Ban...
Hi all,
I'm looking to buy a multi fam with an FHA loan and ran into something I hadn't seen before in the basement of this house built in the early 1900s. It looks like the steel structural members were rusting an...
I have had my first offer accepted, The property was listed for 175k and our agreed offer price is 135k. Thats 13,500 a unit! The property is lower-income, I am willing to endure the process of transitioning the type ...
Took my first leap and offered on a FNMA Homepath property. Series of events over two weeks:
Offer > multiple offer highest and best > highest and best made > FNMA counter > counter accepted > ...
Hello everybody. I haven't been active here in quite a while. I guess I got too concentrated on rehabbing a few properties I had :) Either way, I'm selling the house I currently live in and I ran into an issue that sh...
Hi,
I just had my offer accepted on multifamily property (one side rented out, one needing some work). I'm an out-of-state first time invester so will need some guidance on the ground. What would be the next steps?
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.25 acre vacant lot, utilities on site, ready to build, zoned R-4(multi family). Near one of the major universities in Arizona. Guidance, direction, networking,....partnership in some way. I truly believe it’s worth a...
I am licensed broker and am purchasing a personal primary residence. If I accept a commission create a taxable event which I am trying to avoid. Can I accept a "rebate" from my brokerage in lieu of a commission from m...
Just wondering what additional hurdles may come up with a Rural Development Mortgage versus a Conventional Mortgage during the sale process.
The property is in excellent condition and located in Michigan.
Thanks BP ...