Hi! I was approved for FHA, the seller liked our offer because it was clean but asked us to change to conventional. We changed loan to conventional and the offer was accepted/ purchase agreement signed. My bank is now...

I am getting frustrated with the banks. They must not be bleeding as bad as the nightly news claims.... They ask for a good packet, I give them a great packet. They schedule the BPO, I'm there everytime to influence: ...

We don't buy MLS deals all that often, but we decided to buy this deal because of the great subdivision it was located in.  This was a District 66 ranch in Omaha, and it was listed on the MLS for $150,000, which was u...

Deceased owners had a reverse mortgage,daughter is the the trustee and POA,we submitted a purchase offer to the bank,haven’t heard anything from bank. I heard if reverse mortgage was backed by fha they will step in to...

hello everyone!
I have bin seeing alot of multifamily homes that are priced according to the market in the area, makes sense, but they say the property is cash flowing. I can see how it is for them but at the current...

Hi all - Wondering about a creative financing situation..hope someone can help!I've come across a potential deal with an assumable FHA loan at ~3% interest rate on a $600k property.  There's about $350k left on the lo...

Hello,I'm bit of a newbie. So, please excuse me for not quite knowledgeable for I'm here to seek advise.  I've a couple of rooms to rent in our home on a month-to-month rental lease in S. California.  Rent per goes fo...

I have been working on an FHA Wells Fargo short sale. Aprox. 130k owed, BPO came in at 55k which I thought would be perfect assuming I could get it at 88% of the appraisal. I have made three offers 42,46, & 50k....

So I got a phone call from a tenant who is six months into a one year lease, she is moving in with a boy friend.Lease has an early termination fee of two month's rent.  I am holding a security deposit and last month's...

Hi,

I am trying to fully understand taxation of rental properties before I make my first purchase. The scenario I'm looking at is a buy-and-hold strategy (100% cash) that would generate a moderate amount of income (...