I currently have a SFH under contract with an FHA mortgage. The purchase price is $148,000 with $5,000 in closing credit. I'm doing 3.5$ down and I have about $13.5K in closing costs with the mortgage company.
From ...
Some contractors have pretty detailed scopes and contracts, including payment schedules. Is it unheard of for me to add an additional contract that only outlines the payment structure? This way I can include penalti...
I am looking to purchase a property that has a 3rd unit that doesn't appear to have been used in several years, but everything is there to make it legal (from what I can see). It is zoned as a 2 family (along with the...
Hey Everyone - With the current market conditions I see a lot of people talking about "negotiating deals" what are your strategies for this, and other than trying to drive down the price of the home, what else do you do?
Hi all, I am not very active on BiggerPockets but wanted to come and ask for some advice on a situation I am in. As the title says I am a first time investor and recently established my LLC but don't have the REO or B...
We are in the process of working on a deal in Cleveland as out of state buyer. While working on the contract we are asked to pay for the Certificate of Inspection as a buyer. We been told that's the practice.Anybody w...
Has anyone worked with Surplus Lines Insurers for home owner's insurance policies or builder's risk insurance? What are the positives and what are the negatives?
Question for you guys! Some background...- I know when you sell a house you take title to, the title company generates a 1099-S, and that sales amount will need to match a gross figure on a tax return (e.g. an install...
I just had an inspection done on my first potential house hack. The inspector found one knob and tube wire, but all of the other wiring had been redone. Is this concerning or unusual? Also, does anyone know if Hazel P...
I’v bounced back and forth about what type of property to purchase for my first investment. Started out ambitious and wanting to do a value addc but I’ve been looking since last year and properties like that in my are...