Vince Le
When can a loan officer who is also a realtor work on the same transaction?
Does a loan officer who is also a realtor should work under one broker only (broker offers both mortgage loan and real estate services) to be able to work on the same transaction legally?Thank you
Stacy Tring
Can a lender file a lien after default if the contract did identify the property?
My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?...
Jesse Poll
Can a co-signer be used to offset debt/income ratio on an FHA loan?
I have tried searching this myself with no luck. It used to be that you could use a co-signer for income purposes. Has that changed? Anyone that can lead me to where to find this information I would appreciate it.
T...
Benjamin Sulka
Can a landlord terminate a year lease? (to allow a house hacker to move in)
Hey BP,New investor looking for my first deal. I found a really solid duplex opportunity to house hack but the property has existing leases through December of 2024.I am looking to buy and move into a property in the ...
James Sedano
IRA withdrawal to fund investment properties, can a cost seg help to reduce tax bill?
Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024.
I didn’t paid the 10% penalty fee.
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...
Reginald S.
Can a Seller offer a 'owner finance' if thier property is listed on th MLS?
Hello all. I have a homeowner that is willing to sell me their house via owner financing. However the house is currently listed on the MLS. Can they still offer owner financing on a MLS listed property? If yes, how do...
Mike Schorah
How can a real estate agent save a home seller $50,000-$60,000 by moving sooner?
The market is going to go up in the next 5 years. Everyone has a timeline of when interest rates are going to change. Interest rates need to drop a certain amount in order for a person to make a transaction right now....
Jason S Silva
Can a LLC I am a partner in sell a property it owns to my wife?
Pretty much wondering exactly what the title says.I own a property in a LLC with my best friend. Can we sell that property to my wife? This will allow us to get some cash out and take advantage of the lower rates and ...