Mark S.
Loan Slots Towards 10 Fannie/Freddie Backed Loans
Not sure why this is such a difficult question. I’ve heard different things from different people. I’ve spoken with both DSCR lenders and conventional lenders. No one seems 100% sure. I’ve heard everything from ye...
Frank Fiore Jr
Double entry Accounting and Asset, Liability, Expense, and Equity for Home!
If you can provide insight into any of this I would be grateful, I have read GnuCash help / tutorial, and did some searching online, I have not found the necessary information to understand this. Maybe I ...
Carrie Zhang
Higher Purchase Price v. Higher Rehab Cost
Hi BP! I'm looking to do my first fix and flip deal in a new market, Upstate New York (Hudson Valley areas). I have rehab experience with SF long-term rentals in MI, but it has been a few years since I've been close t...
Belinda R.
Newbie Can't sell Flip!
BL: Purchased HUD property Dec 2013 for $32k, rehab costs and expenses were$34k. thats 66k cash of my own money in the deal. The good thing is that I dont have any holding costs other than utilities and property taxes...
Erin Genz
Just starting out after 10 years as a landlord
Hello all,I have two rental properties in Colorado Springs that were both our primary residence before becoming rentals. We've had one of the rentals for 10 years and after owning the property for 15 years, the frust...
Ben Carmona
NOW IT'S OFFICIAL...FANNIE 6 MONTHS SEASONING AND MAX 4 FINANCED PROPERTIES
Friday September 5th 2008 Fannie issued an announcement pertaining to what most of us expected was coming. This has been a topic misunderstood by many investors and even mortgage brokers. Over the last several months ...
N.A N.A.
Please read and reply. If this was your deal, how would you cover yourself?
I have a situation that I am in need of help. I want all opinions. Can you please tell me what your thoughts are on my situation? This is my deal and I am not working on it for a client. I'm in need of verbiage for a ...
N/A N/A
Quit Claim w/ mortgage
Say John Doe purchased a home and took out a mortgage on it. Later, before finishing payment on the mortgage, transfered his interest in the property via quit claim deed to Joe Blow.
Would the mortgage follow the ...
Richard Vandenberg
Question on possible deal on a property with a reverse mortgage
I am working on a deal that has a couple of issues that I'm working through and thought I'd seek the advice BP members. It's a trust sale and does not need to go through probate.Deal specifics:Property has a reverse m...
Tado Marinho
........34 unit MHP In Arkansas......
Hello People,I am looking at putting a MHP under contract and would like to have some advise on how to value it correctly; the details to hand are s followsa) 34 unit MHP (15 of them are POH ) asking $350Kb) Total Gro...