Cory Lucas
Lesson learned the hard way, any stories you’d like to share?
Well bummer, lesson learned on my first BRRRR property in a somewhat hard way.Long story short, I had to get some tree issues taken care of at the property and I only called one person as the next-door neighbor absol...
Danny O'Bannon
Thoughts on my first rehab?
I started out as a wholesaler in February and have since done 5 deals. I got an offer accepted recently and I figure it would be a good first rehab for me since its only cosmetic. Here are the numbers:
Purcha...
Shelly Irwin
Tenants Negligence Causes Damage
My tenants placed a piece of furniture directly over the only heating vent in a bedroom next to the outside wall of building, and kept door to room closed since it was a storage room for them. During single digit col...
Jake Recz
Underwriter refuses to accept private flood insurance
Hello everybody. I haven't been active here in quite a while. I guess I got too concentrated on rehabbing a few properties I had :) Either way, I'm selling the house I currently live in and I ran into an issue that sh...
Alex Gunnerson
Pursuing Off-Market Properties with Conventional Financing?
Two weeks from closing on my first property (duplex in Kansas City) and the deal falls through because of a bad sewer scope. Now I am more eager than ever to find the next great deal. With that being said, I don’t wan...
Patrick Boutin
Can a tenant be asked to leave when purchasing a property
Let's assume I found a four-plex that I wanted to purchase and live in one of the 4 units. Can something be done if it turns out that the 4 units are presently being rented out? This has to do with me wanting to know ...
Michael Dunn
Delayed Financing ....... 70% LTV or 100% LTV ??
I'm not quite sure I understand how Delayed Financing wroks , in regards to how the LTVs work / are based on .Example:I purchase an Investment Property for $35,000 ( Paid for in Cash by me )assumes 2 sets of Closing...
Stephen Briggs
Looking to finance a rental property
It would be my first investment property and I am working with little money. What would be the best way to go about financing my first rental property? What are general qualifications?
Herbert Cuthbertson
1st position Lien question
Hello everyone, I have a question about a property that I'm hoping someone can clarify for me please. I have property close to being under contract (seller has contract being looks over). The property is paid off but ...
Chace Dietrich
Strategy when buying a house with a reverse mortgage
Hello all,I have a line on a property in San Antonio. It has a reverse mortgage on it (approximately $120,000). I have been speaking with one of the heirs and they are looking to get rid of it. My question is, what wo...