Matthew W.
Millionaire that can't get a simple loan, need suggestions
I had a well though thought strategic default (under legal guidance) in 2010 on a residential RE property. Back then, the lawyer told me it would hurt me for only 3-5 years max. Well that is not the case at all, and...
Kristine Tarbell
Title co/IBUYER with lots of mistakes, can I cancel sale?
Got the typical phone call from an IBUYER in TN, offering to buy my investment home. He sent me a sales contract with the agreed price of $125k, As-Is, no realtor fees or other closing costs and promise of $500/earnst...
Ernie K.
Seller did not disclose under-sized septic
We recently purchased a 5-bedroom house in Seneca,SC as our first investment house. Our intent is to use the house hack strategy. Our son will live there when he attends Clemson University and we will rent the other...
Willis Seng
cap rate??
whats cap rate? is it important? whats a good percentage?
Cedric Van Duyn
Tankless Water Heater
I have a 2 bedroom, 1 bathroom unit with a short water heater under the kitchen counter. The tenant is saying that the water heater is making some water noises. I previously discovered some condensation related moistu...
Nick Cooper
Conventional loan says I must occupy the home for 1 year.
I just closed today on my first property. We done a conventional 30 year loan and at closing there was a paper I had to sign that said I must have the home as my primary residence for 1 year. My wife and I are thinkin...
Bill S.
Three offer outcome - owner carry 100% financing at below market
Just wanted to post the outcome of my successful 3 offer approach. I offered $175k all cash, $185K with 10% down and the balance for 2 years at 3% and $195K with 0% down for 5 years (30 year am at 5%) and they took th...
James Marszalek
Why Real Estate Investing is Just Like Football
To begin, ask yourself these questions... If this snapshot were taken from a Real Estate Investor's playbook: - Who are you? - Who is the opposing Team? - What do the boundaries represent? - What are the rules? - What...
Account Closed
Texas Lease Options: Deciphering the Legal Jargon
So I have been reading into the Texas Property Code along with a book I bought Texas laws on Lease Options to figure out how to do it without violating any laws. Hehe, Texas has a lot of red tape to wade through.
It ...
Rebecca Chapa
Avoid Sherman Bridge Lending
This company is a bait and switch lender advertising one thing and then once you're in you are held hostage, ignored and financially penalized. DO NOT CHASE THE DANGLING CARROT. I am a LICENSED TEXAS REAL ESTATE BROKE...