I am beginning to wholesale in my area and I am unsure on something I thought about concerning the assignment of a contract. Here's an example I was thinking about:1. Wholesaler finds property with an ARV of $140k2. E...
I'm looking at buying in an off market 4-Plex in Austin Texas using FHA financing where passing the self sufficiency test is iffy.In my calculations, 75% of the total rent covers approximately 100% of the PITI. Howeve...
I am a first time homebuyer looking to purchase a multifamily unit (duplex/3plex/4plex) in the San Antonio/ Boerne area. Ive been in contact with a real estate investor friendly realtor I was matched up with through t...
Hi all,
Could someone please explain to me what pre-approval really is? I have a pre-approval notice, and I'm not sure what the legalities of sending it out to agents or exposing it are. Is it designed to be shown to...
My wife and I are looking at a 4 unit property and are going to live in one unit. We can put together the 20% for the conventional but in looking at the deal or lender is very certain he can get an FHA loan on it. Is ...
HI all, I am a first time investor looking to buy a Multi family. What are your opinions on the FHA 203k?My real estate agent recommended it to me since we have been looking at fixer uppers and the regular FHA may not...
Hi everyone, I just finished reading the managing rental properties book from BP and when it comes to pre screening tenants i'm a little lost. If for example, you are talking to a tenant on the phone about your proper...
I’m looking at parks and I came across one that has some potential. However, it is only half full, a few homes need to be removed. When you subtract reported income from expenses there is only 3k profit per year. When...
We were curious if anyone was a landlord during the 2008 market crash and wanted to hear what impact it had on their rental properties (vacancy rates, rental rates, etc.)
We know that this could potentially be a grea...
Hello I am under contract to purchase a bank owned single family home in Connecticut. As I was doing my final inspection I realized there is no insulation in the walls in about 60 percent of the house ( the exterior ...