Andrew P.
Trouble getting a HELOC becasue of DTI (lenders using tax forms)
As the title says, I am struggling to get a HELOC right now. I have 3 properties, all cash flowing really well (yes, I am including vacancy, repairs, and funding a CAPEX account). However, as a result, of my tax forms...
Alex Brown
Talk me out of this deal
3/1 1200 sq ft c+/b neighborhood Asking price is 18k down from 22k they want a cash dealLong term HUD renter pays 450/moAm I missing something ?Thanks !
Tom Hertel
What utilities do your tenants pay?
I’ve been trying to figure out which utilities landlords are required to pay in Minnesota, but the legalese of the MN State statues has me confused.
Which utilities are landlords required to pay in Minnesota, and wh...
Jake Song
How To Fund Real Estate Using Cash-Rich Life Insurance Policies
I want to start by going over the benefits of investing in real estate. Then I’m going to go over the common pitfalls real estate investors face. And finally, I’m going to demonstrate how leveraging cash value life ...
Alan Francis
Drainage Issues... is a landscape architect the answer?
Hello
I recently bought a home in the western suburbs of Chicago and realized during the last heavy rain I have some drainage issues. I'm having water pool next to the foundation wall of the home and noticed that the...
Ethan Hanes
Biggest Mistake in Real Estate
Hey all,
I was bored and wanted to ask everyone here what their biggest mistake was in real estate to this day. Something that you will never forget as your biggest screw up.
I haven’t had enough experience to have...
Account Closed
Veterans Administration Home Loan
Purpose: Owner-occupied purchases only. This includes residential property of 1 - 4 units. Buyer must sign a statement attesting that he or she intends to live in the property. Eligibility requirements: 1) 90 Days war...
Blair Boan
How to analyze a rental property when it doesnt meet the "norm"
I recently signed on as a PRO member and it is definitely worth the investment. Glad to be here. I am currently working on my first fix and flip and things are looking good, but I didn't really have time to look at ...
Gordon Wong
home equity line to purchase investment property?
I have a home equity line of credit for up to $100,000. The deadline to take out any money is Dec 2012. All the fees have been paid for already. A little info on the line of credit. APR is .25% less than the wall stre...
Pedro Oliva
How to evict this tenant? (1st eviction) Strange situation in Indiana
Ill try my best to explain the situation. So Ive only owned this property for about 3 months now. I am purchasing this on a land contract. It is a duplex and my brother lives in one unit and the owner's nephew in the ...