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How do I fine an appraiser and inspector to view the property before purchase, or should I wait on the bank? I know the bank will probable have its own appraiser. I am just trying to make sure I am spending money appr...
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I just purchased a lot in a popular vacation area. I intend to build a home that will be rented out to offset the costs of ownership.I can find construction to permanent loans on second homes easily. I can find financ...
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I have a VA loan, looking to house hack, and have a couple of questions.1) Is there an occupancy requirement for the VA loan? I plan to buy a fourplex and live in one unit. If I leave, do I then need to convert it to ...
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In the beginning of June, I sent a letter to my tenant asking if they would renew their lease end of July. In short, I wanted to get a head start and an idea 60 days before the end of their lease to see if I would ha...
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Greetings,
In general is it possible for a loan's terms to state that its subject property may not be rented or leased, and that doing so warrants new loan terms including a new interest rate? Appreciate any anecdote...
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Question guys! If you got a FHA 203k loan with 3.5% down and made repairs to the property and increased the value, (I know you have to reside in a FHA for a year)could you refinance it to a conventional loan then move...
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Hello all-
First post here on BP. I just made an offer on my first rental property. I was told that since it is an investment property I would need to put 25% down. Is there a way to put less of a percentage down. C...
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Hi All!I'm having some issues figuring out the best way to run my BRRRR deals. My goal is to run 5 a day which I've been doing but I can never paint a true picture with the numbers because I never know the rehab costs...
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If get a RE license in my state, can I legally handle my own sales? I am not a RE investor yet, but I am looking forward a few years where I intend to be better positioned. Much of the RE classes I am finding locally...
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I know a similar question has been asked a million times and I will probably get a variety of answers but I do not plan on wholesaling this property. I fully intend to close on and buy this property myself however I ...