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I am transitioning from my previous job to a new one (real estate agent). My previous job was a 1099 position as well and was there for over 2 years. My goal is to purchase my first rental property this year but conce...
Hello everyone. Okay so we've sold our house a few months ago and are renting now. We've decided to start buying and renting out properties within the time to come. We just spoke to a broker and got approved for up to...
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I am working with an FHA buyer and we are less than 1 week away from closing. Loan commitment has been delivered but underwriter has since quit and new underwriter is denying the loan. Sellers won't extend the closing...
Hi Ya'll:So here's the idea. Finally have that egg and I can put 10% down on an FHA loan, but I am trying to sort out what I can list as income when I am looking for pre-approval.Typically you are able to include the ...
Me (and wife) are from Tennessee. My brother and his wife are from California. WE are planning on buying our first single family rental property in Tn. I and my family will be the first "tenants" for the property. Ou...
Hey Everyone,I am new to investing, having only done some extensive research, yet haven't yet made the jump. My goal was to know enough to invest within a year. Listening to the podcasts, and reading the forums and bo...
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Hi Everyone,I had a question regarding forbearance's impacts on commercial lending. For a conventional loan, the bank wants to see a 90 day period of regular payments before you are eligible for another loan.For an in...
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Q#1. When being financed by hard money how much is required down? Q#2. Are there any other out of pocket cost upfront or is it all paid on the back end?Q#3. Will a poor credit score prevent me from getting hard money?...
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Hi All,
The Situation: We are looking to buy a house that has been foreclosed on that was in the middle of a rehab and has been stripped, cleaned and some tile put in. It is a pretty good deal and the location is per...
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Hi Everyone!Its been great reading all the great articles and books available on the site and it seems like its time to take action. I have been going back and forth with the idea of real estate investing and an oppor...