Mike M.
Estoppel Letter Content on Verbal Lease
I've got an estoppel letter I use for purchasing tenant-inhabited properties. The content was suggested by my lawyer and is definitely suited for scenarios when a written lease is governing. I'm tightenting up my...
Eric Odum
FNMA Foreclosure - Certificate of Occupancy
Trying to buy a FNMA foreclosure in Tampa. The Florida FNMA addendum to the contract has some strange verbiage. It is as follows:
Certificate of Occupancy: If the Property is located in a jurisdiction that ...
Narinder Gill
Sellers financing deal strcture
How do I approach a seller with good sellers financing approach on 20 acre ranch? Has anyone done in a deal like that? 100k down 5% interest for 5 years and then refi?? I know the owner well so I just don’t want to di...
Justin Coulson
Multifamily Investing with less than 25% down
Are there any lenders out there that will finance a multifamily investment (no house hack) with less than 25% down? Ideally, 5-10% down. Every lender I've spoken to so far has told me that it's not possible. Is this a...
Chelsea Jeffers
Inheriting a tenant
I am a prospective buyer in the process of making an offer on a multi family unit. I was able to read the current lease agreement for one of the tenants currently occupying the property. There was no security deposit ...
Lucas Elam
Disclosure Laws on Foreclosures
Im a newbie and looking for my first investment property. This is in Virginia. I’m looking at a foreclosed property and noticed it said in the listing disclosures exempt. Is this true that they are not required to dis...
Justin Gilkerson
Good paying tenants VS House Hacking Duplex
In the process of buying a Duplex that has both sides occupied with long time good paying tenants. It will be my first property. Should I keep the tenants and use a conventional loan or make one of the tenants move ou...
Account Closed
Should I refi out of conventional to get another fha loan?
Hi there! I have a duplex I purchased in 2018 and have gained about 150k in equity. My mom moved into my unit as I live in another part of the state. I have decided I want to move back Into my favorite ski town, my mo...
Julian Rivera
Purchasing Rental Out of State
Hello Bigger Pockets Community!
I have a question for those who are currently investing out of state. When purchasing a first rental, out if state with FHA, is it required to live in the residents? Can you still inve...
Jack McWatters
What method to use for House hacking?
I’m curious to know from all the house hackers out there what you guys used for your first property. I’m running into some dilemmas here that would prevent me from getting my first loan FHa style. I want to move to Mo...