Amanda Salvatore
Construction loan on owner financed land
Hello! We’re in the process of purchasing land from my mom using owner financing. We plan to start building our primary residence using cash to pay as we go (we own a construction company). We’d like to still get a co...
Erica Moore
Owner occupied or multi-family as a next purchase?
I'm new to BP and to REI as well. Currently own 2 single family homes, both purchased owner occupied - living in one and renting out the other. These were purchased before i decided to get more serious about real esta...
Daniel Haley
Pro's and Con's of a Home Equity Loan, HELOC, etc.
Hello All,I am new to this site although I've been listening to the podcast for a little now. I currently own a property which is completely paid off, no mortgage. My parents currently live there so I am making no $$$...
John Roust
Declaring residency in a income tax free state
A coworker of mine is allowed to work remotely from home. He has recently purchased a home in Nevada and has declared permanent residency there via his employer and has gotten it approved. In reality, he lives in Sacr...
Tommy C.
FHA 3.5% Down Requirements
Hi all,Does anyone know if you are allowed to finance the construction of a 4 Plex using an FHA loan and then use your own funds to build out the basement into an additional unit or two?? This would mean that the FHA ...
Ted Akers
Short Sales - Encouraged by Treasury
The US Treasury Department on November 30th announced plans on how to streamline Short Sales. Most agree, although the administration continues to spin it as a success, that the Making Home Affordable program has been...
Evan Goff
Funding a deal that doesn’t qualify for Fannie Mae, FHA, or VA
I found a 5 acre property with a 4bd 2b modular home and was able to talk the seller down to what she owes on it, $187,000. It’s actual value is around $275,000. I am attempting to use a VA loan to take advantage of ...
Erik Drentlaw
Medicaid and a Reverse Mortgage Oh My!
Fellow BP'ers I need your infinite knowledge to help me with a possible deal!By word of mouth I heard of an opportunity. My wife and I met with the potential sellers and discovered they were the children of the owners...
Tony Holloman
Manufactured homes in rural areas
Hello everyone! My name is Tony and I live in Eastern NC and I'm still a newbie but I do own 6 doors currently. There are a lot of great deals in my area on manufactured homes (double wides) on private lots in rural a...
Mike Dusenka
Renovation With Tenants (Question)
When you buy an under market value apartment complex with tenants currently occupying, how do you go about renovations with them living there? And I know this depends on region - you’ll just notify the tenant the rent...