Chinmay J.
Getting house FHA approved
I have found a really awesome opportunity that I plan to make offer on in next few days. The home is a shell house. No appliances. It was built prior to 1978 so there is possibility of lead based paint. Currently FHA...
Prashant Bagri
Cost Segregation Options
Hi - I wanted to do a cost segregation study on my property - what is be best and cheapest option to do one? Is there an online DIY place I can do it?Thanks
Fred Shandler
I may have found a private investor, but now what???
Hey guys...today I had a conversation with someone (who I distantly know/is a successful entrepreneur) about investing in rental properties. After a bunch of back-and-forth, he said he'd be willing to finance some de...
Welsh Tucker
Commercial Loans for under 10 units
I am invested in the single family space but looking to expand into 5+ unit properties. My questions are around the loan terms. Here’s an example of a property I’m looking at: $600K list price with 6 units. With comme...
Kent Harris
Why do I need to use Hard money?
I recently purchased a house for $120,000 in cash. The cost approach on the house is $185,000 after renovations. If I go through a conventional lender they are requiring me to use a hard money lender to renovate the h...
Adam K.
About to be a landlord - do I need a lawyer?
I am working towards being a new landlord and am wondering if I need to have a lawyer. I have never hired a lawyer before and don't even know what questions to ask them or what a typical client/lawyer relationship is....
Liam Lee
Do you need to pay the title fees again as seller after bough the house only a year?
Hi there, We plan to sell a house we just bought a year ago due to unforeseen circumstances. We will use the same agent and title company that we bought the house with, however, title company is charging us 2k for the...
Account Closed
Underwater Foreclosure If Payments are Up to Date
Can a lender typically foreclose on a single mortgage property when it goes underwater, if the payments are kept up to date? In this example, lets say the mortgage is for $500K and the property was $700K and is now wo...
Lee Corbett
What does a Seller financing deal typically look like
Hi newbie here. I’m wanting to buy a 6 plex but banks are not willing to finance the deal. I was offered money from a private money lender who wanted 40% down, interest only at 9% and $9000 fee. I’ve often heard the t...
Sam M.
Mobile Home Park Property Management Referral
Seeking referrals for a property management company that can manage a mobile home park. Located in the Greater Los Angeles area and is comprised of about 200 homes. Thank you in advance!