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From speaking with a couple of mortgage brokers, the option fee cannot be used as "an acceptable source of borrower funds" as stated by HUD. Could the the tenant / buyer sign a purchase contract with a non-refundable ...
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I'm an investor new to the note side, and keep hearing "Dodd Frank". I understand that this relates to federal law passed in the last few years under the guise of "helping the consumer".It may be way too complex to a...
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My tenant buyer has exercised their option to purchase but the appraisal came in low. I do have a clause in our contract that states I have the right to sell at the appraisal price but I am wondering if I am still ob...
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Hello.
I have a house listed fsbo and was contacted by some one that sent me this
"Thank you for speaking with me regarding the property located at S. 42nd St. After researching the property, I am interested in mak...
My colleagues and family think I'm crazy because of the lack of sleep I get, which is about three hours a night. For me, this is more then enough, however; I often see others on BP in the middle of the night, and was ...
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Hi, has anyone knows where is ideal place/or site to find lease to buy property?would those sites " rentbeforeown" with monthly fees are good place to start?Please advise, thanks,
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Hey, guys, I just wanted to see what everyone is thinking and feeling as the market continues to shift. I know interest rates are high and it's making several people feel uneasy and sometimes throwing the numbers of...
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Hi All,I’m an aspiring real estate investor who would like to step into the Apartment Real Estate business focusing on either acquiring apartments and then fixing up the rental rate or acquire land to develop a new ap...
Found an old Mill building for sale, and am interested in repurposing it as a mixed use building with 40+ residential units and possibly a smaller commercial space for a restaurant or coffee shop. The town has seemed ...
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Hello, within the last year I purchased my first property by using the house hacking strategy on a duplex. My tenant pays most of my mortgage for me and I became incredibly determined to try and get another deal in th...