Brian Gibbons
Dodd Frank News Oct 22, 2014 - CFPB Finalizes Qualified Mortgage Points & Fees Cure
On October 22, the CFPB finalized targeted amendments to the Dodd-Frank Act mortgage rules that took effect in January 2014. The amendments include: Points and fees cure. Under the Ability-to-Repay/Qualified Mortgag...
Adam Dow
How many chances do you give a tenant who pays late?
Hi guys, I have these tenants who moved in this past June. They seemed like great people and have done a great job with the maintenance of the unit. They painted one room and even planted a flow bed in the front. Thes...
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Default balance vs list price
I am looking at an REO property listed w/ an agent for 388,000. I found that the home had a 83,000 balance on the original mortgage. I'd like to make an offer but I'm not sure what offer to make. Do you think it at al...
Tracie J.
I'm trying to decide on Section 8 rentals, yes or no?
Hi there, I'm just starting to get into small multi family. Should I do section 8? Sure, the state does autopay $1200 per month. My concern is what if the tenant trashes the property, I have no recourse. I wouldn't ...
Steven M.
"Flipping" House Back To Current Short-Sale Owner's...Very Little Risk ...Is this Doable???
I have a rather creative investment strategy that I am seeking opinions/feedback on where you can both flip a short-sale and be the bank at a high APR without ever lifting a hammer. I wish for feedback from others to...
John Blackman
What does a good bookkeeper cost?
So I've got a problem and thought the great minds on this site could help me out with my bookkeeping issue.
Our business is starting to grow to the point that keeping the books is taking more time than I want to spen...
Brian Garlington
Potential Renter asking for additional cleaning/painting be done
I'd like to get feedback from the forum as to this situation and how I've answered her.....I have a potential renter that has gone through the background check successfully, and I've talked to her previous landlords a...
Zana Blue
Tenants Keep Calling AC Company Directly
Tenants moved in and in first month called me to complain about the air conditioner. I sent out the AC guy and he repaired it. Second month the tenants call the AC guy directly and he goes there and repairs it and the...
Kevin Craig
Subject to/Lease option question
If I buy a house for 100,000 and sell it for 120,000 and charge a buyer 5,000 down to get into the house. How is that contract structured?
Does he begin a new contract for 120,000 after the time period comes where...
Marc Shin
contractor is threatening to take me to court
I've been working with a contractor on some renovations and they are threatening to take me to court. We do not have any signed contracts in place. What we have is a good spreadsheet with a list of tasks, and as the...