Nicole Heasley Beitenman
Question regarding FHA and residency requirement
I got into a discussion with my father recently about FHA loans and the requirement that you live in the home the majority of the year. We had a bit of a debate about whether or not the bank could do anything if they ...
Ryan Mulder
Avoiding Tenant Rights
Hey! We have a property we're just getting started with in Mars Hill near Asheville that we are short-term renting. I want to increase the max amount of nights a guest can book but I'm afraid of running into the iss...
Alex Jackman
Equity Line of Credit on Owner Financed House
I am looking to acquire a $500k 6 unit apartment building. One of the options to purchase the property it through owner financing ($2,300-$2,400 per month for 20 years 0% loan). If I purchase the apartment building us...
Bradley Pietrzak
How are all of you getting 20 percent down on investments?
ive went to a bank. And a buddy who is a morgage lender and it seems nowere i go can i find 20 percent they all say because its an investment it has to be 25 percent this is my first property i am financing it through...
Josephine S.
Lets talk about a Lease Purchase!
BP community,Hello to all I wanted to start a discussion on Lease Purchase, I want to know how to decide when an investor should consider this solution to a seller. If anyone could please give examples, or scenarios o...
Zach Mitchell
Pay the $10,000 fine for not occupying??
Has anyone ever bought a bank owned property during the "first look" period for owner occupants only and just paid the $10,000 fine? I found a deal that could potentially bring in a lot so the $10,000 would gladly get...
Christina Wrightsman
Has this ever happened to you?
Hello! I'm wondering if anyone else has experienced what I experienced last night. We recently closed on our second rental unit in Minnesota. The unit has been available for rent for two weeks now. I found a tenant wh...
William Hendrix
Rental abuse by not informing the landlord of numerous pets
We are newbie landlords. We rented our double wide manufactured residence for $1000 a month through a rental management company. We were asked if the tenant could have two small paraqueets or love birds ( the rental c...
Paulette Midgette
A Contractor I Would Not Recommend
As RE developers we all know how important it is to hire good, reliable residential contractors. Because we are dependant, for the most part, on word of mouth recommendations it is vital that our recommendations are ...
Anirudh Reddy
Who can claim interest paid on a seller finance property?
Hello,I sold a property on seller finance in August 2024. The loan is still on my name, but is being paid off every month by my buyer. So, for the interest paid on the loan from August through December, who can claim ...