Tina Elkins
Owner-occupied mortgage question
Hi, Bigger Pockets,
Can you help me with planning? I am likely to go Conventional.
How long do you have to live at the property to establish that it is owner-occupied in order to qualify for a OO Refi?
And for a ...
Derrick Moody
Section 8 Housing
So I am interested in converting my home to section 8 once I put it up for rent. My question is how do I do this or what is the process and then secondly is this a good strategy for attracting and maintaining long ter...
Amy M.
Fannie Mae REO – Inspection and Earnest money deposit
I am working to get a first Fannie Mae REO property and all the terms were agreed by both parties via emails today. A ten day inspection was allowed and we were told to wait for further instructions, without having ...
Spicer Matthews
And Then the Roof Caved In: How Wall Street Greed and Stupidity Brought Capitalism to Its Knees by David Faber
I have been on a recent rant lately about real estate books. As we all know there are many good ones out there and many bad ones. What most of them tell us is how to buys and sell and get super rich or whatever. If th...
Mike Montanye
Turnkey Rentals and Legal Review
We are looking at turnkey rentals for our first investment property. It seems to me that the purchase contract would be sent out and expected to be returned, signed, within 48 hours or the property would be listed ag...
Cassandra Sifford
Section 8 Rentals - What are Your Tenant Standards?
HAPPY FRIDAY BP!!! I am under contract on my 1st investment property in what looks to be a C class neighborhood. The court I'm buying on is fairly quiet, not as congested as the rest of the neighborhood and clean. ...
Brian Ellis
Seller financing vs. lease option - what’s the difference?
What would be the pros and cons of each option? I’ve run into a scenario where a seller wasn’t willing to seller finance, but came back asking if I would consider a lease option instead.
@Steve Vaughan would you be ...
Sudeep Jain
Sec 8 rent thousand dollars below voucher standard
I recently bought a triplex in Oakland, and inherited a sec 8 tenant. The rent this tenant is paying is far below the voucher standard. The voucher standard itself is a little bit over the rents for the neighborhood. ...
Benjamin Zwiebel
What is a fair percentage of equity for finding the deals?
Hello all. I need a little insight. So, I am about to enter into a deal with a new partner for a percentage of equity in the properties in exchange for finding the deals. He has exhausted the on market deals for our a...
Alan Daniels
Homeowners Insurance for a Fix & Flip
Morning BP!Quick question as I'm working thru my first flip. Is it standard to require Homeowners Insurance premium for the full year to be paid in full at closing?