Brian Ortiz
Avoiding Balloon Payments For Owner Financing
I saw a couple of online sources that advocated a graduated payment strategy as an alternative to offering a seller a balloon payment in an owner financed deal. The deal has a constant 5% interest rate, but to entice ...
Chuck H.
Closet flooring options
I bought a home that has laminate flooring in the bedrooms, but they did not do the closets. It has old carpet pads that obviously need to go.The options I see is to put in new carpet or paint the slab foundation. Whi...
Michael Faurest
Fee based real estate agents
Hi,I'm an investor out of Louisville, KY but I previously lived in Chicago. I have a condo that I am considering selling. I have an interested party but I thought I might open it up to market. Are there any fee bas...
Martin Yip Toll So
Approved for a loan. Let's see if any lenders here can beat this rate!
Hey guys,
I'm an out of country investor (let alone out of state) from Canada. I've gotten approval from a US bank by using my Canadian credit history- RBC Georgia NA (a subsidiary from RBC Bank Canada).
The loa...
Venkata Ede
Renting by the room for newbies
Hi, Everyone
I am doing some research on renting by the room for my first rental property. If you are currently doing this please feel free to offer advice, tips, and tricks. But I did have a question.
If buying a...
Greg C.
Unusual Tax Lien Auction Requirement
Hello All,
Hoping that someone here may be able to offer some advice. One of the Indiana tax lien auctions I am interested in taking part in requires a letter of credit. The auctioneer website says the following:
P...
Jennifer Fernéz
Want to put an offer in today - Help
Hi all. I want to buy a triplex in my area. Please help! I want to occupy one of the units so I can get an owner-occupied loan and only have to put down 3.5%. However, the seller's agent expressed 'All tenants...
Albert Hepp
What amount will you pay your buyer agent when new Realtor MLS rules start in August?
In August, Realtor/MLS rules change so that buyer agent written agreements are required, and the MLS will no longer state a buyer commission amount. Both buyer and listing agent commissions will need to be agreed to b...
Charles Craig
Line of credit question.
Ive been to several local banks here asking about lines of credit and none of them seem to offer that. While speaking with on lone officer they mentioned a credit card.
So my question is:
What is the big difference b...
Troy Schwamberger
Is it possible to buy homes prior to them getting foreclosed on?
It seems there are ways of "getting in" before auction, but how? I'm in Ohio. I'm assuming laws are different in each state.