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Hi all, First time home buyer with a question on Fannie Homepath purchases. I recently put an offer on a home that had a recent price adjustment. I still felt it was priced too high compared to similar houses in the a...
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Hey group! Wanted to ask about ideas for keeping up with regular maintenance on an 80-unit apartment building in SC. We are currently vetting the property for purchase. Accurately capturing the maintenance expense ...
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I’m about to make an offer on a latge home with a large detached garage. Meeting with an architect, and the question came up on the renovation. I have the ability to convert the property to either four or five units....
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I live in one side and rent the other, what is the best way to set-up my insurance? My agent is currently saying to push my homeowners insurance liability up to $500k and add a $1m umbrella. Is this the best set-up? I...
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Hi Bp I have been an independent contractor for most of my life. I am trying to understand exactly what a typical bank looks for when I apply for a residential mortgage. What number on my tax return will they use to ...
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I'm an investor in buy and hold properties in Lansing, MI. I'm currently holding 5 single family rentals in my LLC. 4 of these are free and clear. I'd really hate to sell one to get capital to do some bigger dea...
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I am looking into purchasing a 5 cap multi unit/mix use property. The real play is to find a high quality tenant for the store-front. The other ideas I have is to (1) get cell towers for the building as its taller tha...
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Good reading
http://news.yahoo.com/s/bw/1106b4214044575550
As their holdings of unsold homes increase, Fannie and Freddie eventually will need to drop prices and turn to investors, analysts predict
The bottom line:...
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Ok, I'm going to admit that my first thought was the 20 billion dollar escrow fund was a load of crap. I thought it was a shakedown without any due process. I was thinking, like any conservative republican would thi...
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I've got a 152-unit apartment under contract and it has an old tennis court that's in pretty bad disrepair. I don't think it's worth renovating, as tennis is a sport that so few people play. What are some creative ide...