Pat Arneson
Rehab Costs and Holdback
If I intend to fund the rehab with my own cash, do I need to disclose my rehab budget? I’m seeing lenders holdback this amount. It’s showing as increasing the loan amount although monthly interest payment stays the sa...
Jackie F.
Lender Requiring 12 Months Escrow for Taxes & Insurance
My current lenders for a primary residence I am purchasing is requiring 12 months of escrow UP FRONT AT CLOSING for taxes and insurance PLUS the normal contribution going forward.I have a shortsale on credit report da...
Josef Roberge
If a Trust Can't be Party to Contract, How Are Owners Confirmed?
"A Trust name is not party to a contract, it is not a legal person as a corporation is. The Trustee is the proper signatory. "Well this properties deed is under "Spratling Living Trust". There are three co-owners with...
Greg P.
Benefit of Using Own Title Company vs. Seller's Title Company (Fannie Mae, HUD, Etc)
Hello as a Rehabber I'm always trying to save costs when able. I've noticed when I'm purchasing houses from Fannie Mae or other banks they offer $250 closing fee + title insurance (no charge). My title company is ch...
Jacob Scholes
Structuring a deal from family as a owner financing
I'm looking into purchasing a duplex from my parents. I had been looking into buying it from them next year on VA loan, and they would do a 1031 exchange to buy a new property..since we have an uncertain future with i...
Guillermo Lara gonzalez
When buying a fully occupied property who pays back deposit?
Sorry if this is a newbie question but I’m looking into buying my first property soon and I was looking at some multi family properties and a thought hit me. When the property is fully rented and I buy it and a tenant...
Wendy Boone
Financing a Portfolio Purchase
We have an opportunity to purchase 5 lots in a single subdivision (off market) four of which are vacant and one has a partially finished spec home (closed to the weather) that is currently under construction but won't...
Jonathan Wiley
Contracts needed! In need of help for the final push
I apologize if this topic has already been covered but I am in need of someone to help me cross the finish line. The concepts of seller financing are covered very well and I have also received several different versio...
Ryan Cleary
Helping out with a buyers transaction in Philadelphia
I have family that is moving to Philadelphia and purchasing their first house. They are both architects, they have good credit, they are solid buyers.
They are in contract to purchase a home for $395k (asking $409k)...
Arthur Chou
Advice for uncooperative seller
Hey all, wondering if any of you guys have any advice on how to deal with an uncooperative seller. Just had an offer accepted on my very first investment property and I'm already dealing with some issues I had not fo...