Christopher Weiss
Loan assumption with seller financing. What questions do I need to be asking?
Hi all,I have a very close friend who is wanting to sell his house in Las Vegas, and move to CA. The mortgage is 3% with 312K left on it, and the house is listed at 470K. He says he has a conventional loan, and that t...
Joseph H.
Seller financing terms
I am looking at multiple properties for sale at a decent price but wanted to check what you all have to say about the terms for seller financing. My questions are as follow:Do these terms below sound about right?Can s...
Gabriel Benavidez
How to fund the 20% for a duplex
So I bought my second rental about 4 months ago and tenants have been placed and I did put 20% down on it with that being said i been saving up for my next buy and by the looks of it it won't be till 6 months from now...
Terry Hall
Is this Tax Exempt or not?
I bought a house lived in it for 3 years, then rented it for 3 years, is it tax exempt? My CPA keeps using a complicated formula saying I owe a portion. Then I convinced him if it was my residence for last 2 of 5 year...
Matt Zale
Long-term rental rate rule of thumb for owner-occupied
For some that are starting out in REI, the owner may have to occupy the rental property. Is there a rule of thumb on determining a rental rate for owner-occupied properties? Let's say the owner stays in the master bed...
Account Closed
First Investment ~ Deferred Gratification
Hi all.
My Fiancee qualifies for first-time home buyer program and we are pre-approved for FHA loans (including 203k) which puts us in a good position to buy before December 1st of this year (not far away). We origi...
Ibrahim Hughes
how do you convince a seller to give you a quit claim deed?
Anyone out there successfully getting sellers who abandon their properties to give you a quit claim deed? if so what method are you guys using to get the deed from the seller? Any special methods or tips on convincin...
Gregory Gadson
Rent-2-Own
So I have a quick question you guys where are the best places online to find Rent to own homes?
My lease is up in a few months but I'll be darned if I rent out another apartment. Call me crazy.
Let me know what y'al...
Cathleen Blackmon
BRRRR- What If I can't Refinance?
Newbie Alert! I have found a deal and am in negotiations. We plan on using hard money to purchase and rehab. Once we have bought, rehabbed, and rented the property, what happens if we can't refinance? Lenders/Banks...
Michael Healy
Total utility submetering?
I am in contract on two older MFHs totaling 14 units. It's a mix and match in terms of what utilities tenants pay for between the two properties. Both have submetered electric and one has individual thermostat control...