Wayne Stevens
Closing Cost, Taxes, Escrow and sellers concession - NY
Hey all,I recently asked the loan officer I'm dealing with for a breakdown of what I'll need for closing cost aside from my down payment. I am doing a FHA loan. This is what he wrote to me and just want to make sure t...
Hae-Yuan Chang
Does an FHA loan require an inspection?
I haven't found a clear cut answer, so I wanted to ask this awesome community!I know that a FHA appraiser will also be inspecting for safety issues. But will I need to get an inspector to pass a loan? I know that I wi...
Julia Havia
Flood factor - Is it a deal breaker?
Hey all,Has anyone ever flipped a house that appears to have a high flood factor due to proximity to a small river or such? I know the insurance might be higher (and I’ll check that aspect), but will it affect the ARV...
AJ Wong
Debt Limit Ceiling, mortgage rates and the influence on the RE Market
Just as investors seem to be wading back into the real estate market, the headlines could give many reason for pause. On the Oregon & California Coasts' I've written fairly extensively how the investor market for ...
Brian LaPorte
Buying the LLC instead of the property?
We’re looking at two opportunities where we might buy the LLC instead of the property. I haven’t discussed with our attorney yet, but there seems to be some advantages. There are always negatives too. Just looking ...
Adam Jordan
How does a market crash affect cheap properties
I've moved my business model to a scaled business only buying low-end 100K and under properties. We're on track for 150 or so this year and wholesaling anything above that price point. I'm curious to hear from other...
TJ H.
Developer building high-rise behind me-want to buy my twin duplex
Hi,My sister and I own a twin duplex near Philadelphia, PA. The other (half of?) twin is own by someone else - and it's also a duplex, owner occupies one unit, other unit is rented out. Our twin duplex is rented out a...
Micheal Waldrup
The Real Estate market cycle(s)
Newbie here. In doing some of the reading here on the site, I ran across this graphic. http://www.biggerpockets.com/rei/wp-content/uploads/2012/12/Real-Estate-Cycle1.png
I realize that there a multiple versi...
Derek Petersen
10-year note, 50% LTV, 10% Interest
Would you buy this note on several residential homes in the Atlanta market? I haven't done any long term lending in the past, only 1 yr balloons. I guess I'm at risk during a high interest rate environment if one shou...
Mike Nelson
Book on managing maintenance staff for 450-unit property
I am looking for a good book or other media on how to best manage the maintence staff of a 30-year-old low-rise grade B property. Goals are compliance with HUD inspection requirements, tenant satisfaction, safety...