Muinda Gueston
FSBO Contract and Closing costs???
I’m offering 2.5% to buyers realtor and offering closing costs to buyers without realtor. Is that reasonable? Also who draws the contracts for a buyer not using a realtor? My real estate attorney or title company? Tha...
Harpreet Walia
No Seasoning Banks/Lenders
Any banks-lenders which has no seasoning requirements when refinancing investment properties. Looking in Michigan and Cleveland area. TIA
Treven May
DOT housing relocation aka "uniform act"
I have somebody locally that would like to take a look at my apartments to ensure they are to code for an upcoming relocation. They will be widening and paving a new highway, and will demolish homes as a result. There...
Steven Ferguson
Bridge financing
Hello,I am looking to start out with flipping homes. I have capital lined up to buy properties, but I am in need of a partner to help get the first deal off the ground, meaning someone who's willing to put up the dow...
Tom Sawatske
Delayed Financing - Scenario
Is the following scenario possible with “delayed financing”: purchase property all cash for $75k. Do no additional work. Property appraises for $100k shortly thereafter (say, within 3 months). Obtain a mortgage for $...
Michael O.
Closing Issues on First Duplex
Hi All,I'm currently under contract on my first Duplex using a 203k to handle some renovations / improvements and have a few questions re: closing costs that I was hoping the community could help answer: PP: $62kReno...
Tom Fitzsimmons
Questions to ask lender as I am I a first time home buyer
What are some questions I should be asking a lender? I'm a first time home buyer... So far I have: - Are their any first time home buyer grants I can take advantage of in my state? (I'm investing in Maryland) - Are a...
Sol Obarrio
Application for College Students
I am interested in renting individual rooms to college students. I was wondering if in the application process I should ask specific questions that you would not normally ask to non-college students. As well what do p...
Stephen Sokolow
Deal Advice on Out of State Pre Foreclosure Deal
I am working on a pre-foreclosure deal and need advice. The deal looks like this:Loan outstanding: $244,000 QuickenLoan and it is a FNMAOther debt: Base on my preliminary title search $0Equity: $85,000The owner wants ...
Brian Fleming
Land Contract, Yes or No?
Although no one knows when any market will change (drop in this case), would it make sense to buy on a land contract now? There is a nice duplex I'm looking at in a nice area. Asking is $260,000 and this would be owne...