Jiju James
Texas Association of Realtors Commercial Contract Amendment form
Hello, my lender is asking for us to get a "Texas Association of Realtors Commercial Contract Amendment" form because we have had to move forward the closing date because of some delays on their part (we thought it w...
Peter M.
Best strategy for financing SFH opportunity in Dallas
I have an opportunity to purchase a SFH in Dallas. This would be my first purchase of an "investment" property, i don't currently own any properties. The house is currently occupied by my father and I would be being ...
Jack B.
Transfer of tenant deposits to me once the deal closes?
The sellers agent/property manager told me that they would provide leases and such from the current tenants upon closing and would transfer the money from tenants deposits (they didn’t collect last months rent) from t...
Keith Goepfert
Minimizing Capital Gains when Selling House Hacked Property
Hey everyone, this is my first time posting in the community, so apologies in advanced if I violate any social norms here.As I understand, selling a personal property allows for no capital gains taxes to be paid on th...
David Waldy
Distressed FC - Bank won't finance due to condition. Any Options?
Hey BP Fam,We found an off-market, distressed Foreclosure that didn't sell at auction and Freddie Mac took it back. Contacted broker in charge a month ago and he did the "set-out" and initial review yesterday... Went ...
Justin Bush
Thoughts on an offer for a property…
Hey all…I have a 25 unit property for sale and have received an LOI with some seller carry terms. The buyer intends to get enough conventional debt that we could pay our mortgage off as well as closing costs and have ...
Katherine Frank
Owner occupancy clause and advice on FHA
Can I get the occupancy clause lifted for an FHA loan or should I try to sell? I recently closed on a property I intended to move in with my boyfriend as we are having our first child. Unforeeen circumstances have occ...
Anthony O.
Does a refi make sense?
Hey Guys and Gals,Looking to make sense of a deal that I’ve closed on and just completed a rehab. Purchase price of 115k with 10% down @ 4.75% with a P&I of $654/moLoan balance of 103,500Rehab cost of 10kARV of wh...
Alex Silang
todo list for paperwork/banking/legal for first property
Hi All.
I'm a newbie that is in the stages of buying his first property.
What sort of operations work needs to be done?
* I assume registering an LLC. I'll meet up with a layer for this. Is LLC gen...
John Kuehlman
Finding Financing for my First deal
I want to figure out and study up on financing options for my first deal. My command is moving and I want to get a house or condo out there to rent out. I won't be living in it. Most condos out there run anywhere from...