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I have a few REO properties I'm going to be putting offers in on tomorrow. I'll be getting some qualifying letters from the bank I work with on each. My question is, for negotiation purposes, is it best to get a quali...
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My tenants gave me a 2 month notice that they will be moving out at the end of May and I noticed that the advertised rents are higher in my neighborhood however I would like to do some renovations before the next tena...
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I'll be closing on my first occupied property this week and wanted to check and see if anyone has any tips they could pass along. It's a duplex with one side rented.
At one point I thought I had seen a docume...
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I am a newbie to investing. I have 400K in a variable annuity earning around 4%. I know investing in real estate will probably earn more but I am skeptical about moving funds out of the Annuity to invest. I am 63 year...
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Hello BP family, So, I'm currently in the military and have been able to acquire one property so far. My wife and I definitely interested in another, but want to move on it sooner than later. I'm considering borrowing...
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Questions:
1) Whenever creative financing is involved, ie subject to seller's existing financing or lease option with the seller, the Realtor doesn't get anything because no sale takes place - correct?
2) How do you...
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Hi Everyone,Got a 203k loan to fix up a foreclosed house in Maryland as it required ~$120k in work. It was supposed to be a 4 month project, but a year later the nightmare continues~ The selected general contract i...
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I just got off the phone with a lender and he informed me that I will need 6 month of reserved mortgage payment for each of the properties to obtain a mortgage for a property I want to purchase. Is this true for all p...
I currently have an FHA on a 4 unit 3 bed, 2 bath unit that I have lived in for about a year and a half. My plan originally was to refinance to a conventional and begin looking for a new place to live & utilize th...
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My 5 siblings and I have inherited my late father's primary residence. We are considering keeping it as a rental property and splitting the revenue. However, my brother has proposed another option: that we sell and ...