Samson Tefera
Hard money and concern
I took out a 1 year hml on my second flip, thought the project would take 3 months to complete, instead it took 6 months and I will be listing the property for sale shortly.I am concerned as to what would happen if I ...
Brad Kirkwood
Invest in RE or debt payoff
My wife and I most recently bought our first personal house and I've been educating myself on real estate investing ever since. When making a few repairs, we had taken out a personal loan for about 5k @ 9.9%. We cle...
Account Closed
Mold disclosure
We found mold in an REO that I have under contract.Fortunately it's not black mold, and is only in a small laundry room in the basement.After I rip it out, drywall, do I still have to disclose to potential buyers that...
Sean Osch
How to invest in rentals when strapped for time?
Hey everyone,
I'm new to investing in real estate. I'd like to purchase a rental in the Knoxville TN area, but I don't have spare time to maintain the property myself. How would you recommend identifying and investin...
Jay Hinrichs
Note experts what do you think about pre signed quit claim deeds
I hear many lenders require the borrower to pre sign a quit Claim deed when they fund the loan.. with the proviso if the loan goes 30 days delinquent that the lender will just file the QC and wipe out the borrower wi...
Marci Stein
Q. about short sale situation
R.e. agent is saying that M&T bank is asking me to sign a contract with seller BEFORE letting me know if they accept my offer...does this sound right? I've already given a binder, now they want 10% of P.P. with si...
Michael Lerch
Setting option purchase price above appraisal?
Hey everyone, I'm on my 2nd sandwich lease option deal and I'm trying to figure out if I can set the option purchase price above it's current appraisal value because of the option consideration fee they're paying m...
Gregg Fritz
5 days to close and buyers financing fell through
We were moving merrily along the process... i got my final loan approval on our new home. My entire 4500sq ft house is packed up in boxes in the garage, movers are scheduled, hotel arrangements made, mailing address ...
Brian Higa
BRRRR Specifics
How do you find the banks for delayed finacing thru Fannie / Freddie?Spent lots of time on the phone calling but cant seem to get anywhereThanks
Hannah Mcgowan
Wholesaling with RE agents!
Desperately need advice! I'm in Lexington, KY and I have a couple of listed, on-market properties that I have made offers on. The deals are solid (I will be able to wholesale them for 20k or more below the original as...