John Michael
HELOC terms from my local credit union. Any feedback?
Hello all,A real estate rookie here in the midst of a HELOC application at a local credit union. I've used this credit union before for other things and they are very reputable. There is something in the HELOC terms...
Heissen V.
Subject-To Deal:What are the tax implications on subject-to deals
What are the tax implications on subject-to deals?
Does the seller require to pay a gift tax? Any capital gains? (Current market value - Original purchase price)
Account Closed
Foreclosures | Conventional Financing not Allowed
I'm familiarizing myself with the foreclosure market in Northern Virginia, specifically Fairfax County and I have a question on obtaining the cash for purchasing a foreclosure at auction.
This may not be unique to on...
Account Closed
How much money should you initially have saved for emergencies?
I'm planning to take out an FHA loan soon. I'm saving up for the down payment at the moment. But in addition to the down payment how much should I save up for other expenses such as emergencies that may come up?
Thomas Brittingham
Partial lien release appraisal question.
So my principle residence sits on 4 acres and I have someone interested in exchanging some of my unused portion (1-1.5 acres) for a rental property. My home and land is still under a mortgage and therefore, I have to ...
Chris Grenzig
16 Unit Heavy Value Add Jacksonville FL
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,170,000
Cash invested: $900,000
16 Unit Value-add property we significantly renovated spending $35k per ...
Tony Thompson
At What Point Do I Not Have to Pay PMI?
Hey!
I have made an offer on what will be my first property, an owner occupied duplex. Of course along with principal and interest comes PMI (along with many other monthly expenses).
Say I acquire at least one 2-4 ...
Antonio Bodley
How risky is using balance transfer checks from business credit card as a source?
How risky is using balance transfer checks from business credit card as a source of funding to invest in cash flowing apartment complexes? If I was to do this, should I already have property lined up ready to invest i...
Felicia Richardson
Fannie Mae HomeStyle
Hi all!It appears to be a shortage of Lenders (GA) that I'm finding that have the Fannie Mae Homestyle product. I was looking at homes on Fannie Mae Homepath and I'm interested in buying a fixer upper. In comparison t...
David Sumner
Rental Application (Opinions Wanted)
Hello, I'm a Newb trying to rent out my SFR. "Hypothetically" would you rent a $1600/m class B house to an applicant with the following key points?;Credit Score High 600sHas a 1k outstanding balance owed to prior apar...