Ade O.
Hud requestiing bank statements from a hard money lender
I just had a deal fall apart because hud requested the hard money lender show a bank statement or letter from their bank showing they have enough funds to close the deal, when I told the lender about this they were du...
Matt Brown
Taxes of flippin' a property
I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?
I suppose there...
Dan Moore
Recommendations for an investor friendly/knowledgeable realtor
We've been making acquaintances with several realtors in town but I think it is time we settle down and find someone who speaks our language and can help us find properties that suit our model. That would be B/C areas...
Manolo D.
Foreign Investor Looking to Build and Hold Loan
Hello BP, I have searched a few threads but I couldn't find one that fits what we are looking for. A friend of mine from another country (foreign national) recently connected with me to research for him the possibilit...
Richard Roberts
Do lenders get greater incentives for certain types of loans?
I spoke with a Quicken Loan lender just to get a quick estimate of what kind of price range I was looking at for my first REI (also first home purchase). The lender stated that the best route for me was an FHA loan. W...
Noopur Bak
Investing in a coin or card operated laundry
I am interested in investing in a coin or card operated laundry but have some very basic questions:- What are the reliable resources to find available businesses? Google comes up with loop.net and bizbuysell.com. - Ar...
Greg Todrank
First Flip — Offer Just Accepted
I just got my offer accepted on my first flip — Yellow letter; video walkthrough with my realtor; and offer. Bing. Bang. Boom.Oh crap, now what. I’ve got a handyman, but no GC. Time to get my team in place. I ha...
Brandon Bonfiglio
Looking for towns that are mainly tourist driven to buy an STR
I’m currently looking into towns that are good for STRs. I currently own an STR in Gatlinburg, Tn and I am thinking of buying another property in a similar town maybe in a different state. Any suggestions?
Tom B.
403b Question-Need advice
Before people scream "DON'T SELL NOW!" please hear me out:A friend of mine realized her actively managed 403b plan had a HIGH FEE 1.30% expense ratio and wanted to direct exchange into a Vanguard low-cost Index fund V...
Gary L Wallman
I have 2 houses under contract. Should I still close?
I have 2 SFH's under contract in Ohio, paying all cash. A 1000 square foot home in a B area and a 1900 square foot home in an A area so the cash is significant. Ohio just shut down the state with a "stay at home orde...