Parul S.
Inspection report - To buy or not to buy
I have agreed to buy my first SFH investment property from a TK (turnkey) and just received the inspection report. The SFH is 60 years old but was represented as being "fully rehabbed". The inspection report is con...
Eugene Lee
Investments and divorce?
Hi All,I ask mainly out of curiosity and because I *may* be getting married soon (yay). What happens to investment rental properties and investment brokerages in my name only both before and during a marriage in the c...
Karin Crompton
Potential buyer has a USDA loan. What do I need to know?
Hey all,We received an offer on a property today in which the buyer is using a USDA loan, a product I'm not very familiar with (but will learn). To cut to the chase, is USDA similar to a VA loan in that the buyer is e...
Stephanie Hardy
Nevada Asset Protection Trust question
Hello BP community! So, I have 2 rental properties, both under my name (and my husband's). We have a series LLC in Nevada and are planning on moving the properties to that. Speaking with our lawyer, she suggested we p...
Account Closed
How to make sure you get payed with bird dogging
Hi everyone, I have a question for all of you today regarding bird dogging. So since I may be nearing a close on some deal, how would I make sure that I actually get payed? Is there anything I should do like a contrac...
Jordan B.
Duplex Evaluation with short term private money loan
Any help, tips, or any other comments on the below would be greatly appreciated!I have a few family members that are willing to give me a private money loan at 10%. I will pay 10% interest for each month their money i...
Brian Wall
I finally did it, on my own! (with the support of my family, of course)
Ok, after being encouraged by Will, at the last Naked Club meeting, I decided to document a recent success I had. Actually, it was the first substantial success I have done, where I was the one completely in charge. ...
Ari Bachrach
How to redeem ground rent
I've been looking into the ground rent system recently. (If you've never heard of it, google it. It's a fascinating and completely messed up system that's leftover from Maryland's colonial days and is in serious need ...
Todd S.
My financing strategy
I wanted to get the community's thoughts on my financing strategy. It is as follows:
-Getting a $25,000 home equity loan through credit union.
-$25,000 loan will be used for money down on hard money loan.
-Hard mon...
Nicholas Weckstein
approved for loan but closing costs outrageous
so i'm approved by wells fargo for 145,000 with 25% down. my rate is 4.875%. buying in the scranton PA area. paying no points. and here's the kicker which i feel is insane...$10,059.86 for closing costs and prepaids ?...