Michael Kissel
down payment
So I just went through a pre-approval process, have an excellent credit rating and am pre-approved for $200K. However, the institution used said they require a 25% down payment for any investment properties. I have ...
Jeremy Porter
HOA Fines Unveiled: Exploring Common Charges and Guidelines
Homeowners Associations (HOAs) play a pivotal role in maintaining the quality and value of a community. However, with this responsibility often comes the need for enforcing certain rules and regulations, leading to fi...
Jeremy Cepress
Criminal record history
I've been pre-approved on a loan already in escrow I did everything I was supposed to do remodeled my home sold it in Los Angeles all said and done have 550k move to Houston I'm at the end of escrow now I have to have...
Christopher Wills
Selling a home with requirement to sell back a portion land
Try To make this short, looking for opinions. We purchased an 80 acre parcel and divided into 10's. There is a 2800 sqft home and an 1150 sqft ADU on one of the newly created parcels. We are doing a petition to rez...
Cierra Seay
Does anyone do contingencies based on them finding a buyer ?
I was wondering if anyone put a contingency clause in their PA when they get a wholesale deal under contract in case they don't find a buyer. I remember in Rich Dad Poor Dad he said his contingency would be "based on ...
Kristian Kotov
New Asset Class - The Roomshare Condo
The Idea is to create a new real estate asset class - the Room Condo. The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their ...
Mike Goikhberg
Converting to multifam zoning in baltimore city
Hey people, a question to all experienced multifam investors in baltmiore CITY -
I'm considering a property that's in overlea but unfortunately is right within the city line. It was actually built from the outset as...
Sanju Walia
Small Apartment Offer - Loan pre-approvals Required
Hi Team,This is first time I am stepping into MF Commercial (5+) apartments. What kind of financial documents are required as part of the offer? For 4 or less units, I provided lender pre-approvals. Lenders are asking...
Jeff Kushner
What are common contract contingencies for the purchase of a vacant lot? (Palm Beach County, Florida)
QUESTION: Are contract contingencies common when making an offer on a vacant lot? If so, what specific contingencies would be considered 'common' vs out of the ordinary or unreasonable?SITUATION: I've got my eye on ...
Alex Dem
Foreclosure winning bid, looking for some ideas!
Hey, we've won a foreclosure auction bid for a single family in CT, appraised at 200k The winning bid was only 57k, with 18k outstanding tax/ water/sewer lien. the property needs some work,rough estimate of 25k, so de...