Will Chamberlin
FHA Streamline Timeline & Shadyness
I am working with my current servicing company (PHH) to do a FHA Streamline refi and wondering if anyone else has experience with them and how long it took. Back on July 1 they said it would be 45 days and an easy pro...
Lauren Brown
How long should I be accepting offers?
How long should I be accepting offers on a wholesale assignment? Is it dependent on how quickly the seller wants to close? I'd like to give cash buyers 2-3 days but not sure if this is too short of a time period.
Jen Fuller
Texas Eviction- Tenant Appeal
I sent certified mail eviction notice to tenant on 2/8/16. They never accepted letter so after seeing this through the USPS tracking on 2/12 I taped a copy of the notice on the exterior of the front door and a copy in...
Steve Bugnacki
HELOC to Make Cash Offer
Looking for feedback on my strategy. My thoughts are I can get better deals with a cash offer on or off market. To that end, I can access $280,000 on a HELOC at 6.75%, and have other funds available to make a total...
Ladan Ballai
Converting a periodic rental agreement to lease
Hi everyone,I have a property that I just purchased that had existing tenants. They have been there for ~3 years and are currently month-to-month. I'd like to do 2 things: increase their rent to market value and ask t...
Paul Georgia
Short term vs longer term rentals in Prince George's County MD
I am in the process of renovating a 5 bedroom home just across the border from DC. For now, my long-term plan is to rent to a RAL company, but it takes a long time to get a property approved for such use. In the mea...
David Levine
Selling a condo in Los angles and want to purchase out of state
I have a rental condo in LA and planning on selling it. It should get 300K give or take. I have a note of 118K. After accounting for improvements and depreciation I have a cost basis of about 177K. I am looking to acq...
Bob Cameron
Non-renewal of a lease for late rent
Currently I have a tenant who was 18 days late with rent this month and was wondering what other's opinions are on renewing a lease with such a tenant. The tenant had been late on two other occasions, but both were in...
Daniel H.
Cash Offers
Looking at making a cash offer on a property. How should I set up the timeline on the purchase offer? It should be able to move faster than if I had to obtain financing but want to make sure I have enough time to ge...
Valentina El Frih
Is it true that down payment for a second house purchase is 10%?
We are looking for an STR in the Tampa area. We are from DC and when looking at cabins for a STR here in VA, our real estate agent told us since we already have 1 mortgage, the second house purchase would have to be a...