Serj Savchuk
Duplex insurance review
After reading this forum, I started to wonder if I have a good insurance on my property.It's a duplex that was built in 1944, 2 bedrooms 1 bath per side. I live on one side and rent out the other side and this is my i...
Brenda Hedges
Do I really need an accountant?
I've been doing my own tax returns for over 20 years. Last year in addition to my regular real estate transactions as a real estate agent, I bought and flipped a SFR. Normally, I use turbotax business and have found t...
Brooks Rembert
VA Renovation Loan a Dream Come True?
Stats:
Currently a buy and hold investor. Several rentals currently, looking to add more now that my military career is coming to an end.
Situation:
We've bought a couple of houses with the ol' , trusty VA home loa...
Anthony Shields
SFH - Entire 1st floor is a garage. Convert to living area?
I cant find much about doing this online since the layout of this house is a bit unusual. Its a bi-level house. Two story. The first floor is 1500 sq ft, the second floor is 1500 sq feet.
The first floor is entirely...
Lupe Santiago
Forms needed for Non-traditional Mortgage Origination
Hello! Kind of a simple question here so maybe someone can help me answer it. If a broker brings me a loan for an interest-only, short-term note that balloons, which forms does that broker need to provide to me, the o...
Eugene Vollucci
Comprehensive Property Analysis Strategies
THE INTERNAL RATE OF RETURN (IRR) TO AIM FOR
The IRR should reflect the degree of risk you’re willing to take. The riskier an investment, the higher the IRR. If you’re purchasing a building that has decreased in valu...
LaTonga Smith
What am I missing with the pricing of Multi-Family Property?
Greetings everyone!I am a licensed real estate agent in Columbus, OH. I have primarily worked on the residential side of real estate and now I am interested in investing in multi-family.There is a Multi-Family propert...
Don Johnson
Credit scoring differences - mortgage vs. what’s shown online
Hello BP community (especially mortgage folks),I recently ran into an issue when having my credit pulled by a mortgage broker. I’m seeing different credit scores on my monitoring services that the score the broker pul...
Brandon Lockard
What if tax bill increases just after closing?
So I closed on a property July 18th. On August 5th I get a call from the mortgage servicing company that they went to pay the taxes on the property and there is a discrepancy of nearly $600 and that I should visit the...
Steph C.
Title Question
Hello,
I noticed a listing for a property that is in a great location but at a super cheap price. It's been listed about a year and is an REO.
...