Hi Folks - thanks in advance for your input on this - looking for feedback/opinions on the best use of 100k in capital to purchase buy/hold rental properties as a long-term wealth strategy (optimizing cash flow + oppo...
From speaking with a couple of mortgage brokers, the option fee cannot be used as "an acceptable source of borrower funds" as stated by HUD. Could the the tenant / buyer sign a purchase contract with a non-refundable ...
I'm considering buying an apartment, 2BR-4BR with 10% down, second home mortgage, in the 450K-550K range. Some stats:- We probably won't be able to find too many vacation renters in the off season. Season starts in Ju...
I am currently in the closing process of my first investment property. Originally everything was running smooth, the single family row home was in good shape and had long term renters I was looking to take over.The pr...
Hi Pros,I can use your guidance here.I have scenario where buyer signed a contract to purchase a piece of land here in Texas held by a trust. Contract is using standard 'TREC Unimproved Property Contract' with seller ...
Hi All,
Found myself in a crazy situation - would greatly appreciate any practical advice.
I am buying a 2 family in Medway, MA. The closing is scheduled for Monday, November 14. The house, as specified in P&S,...
Hey All, I'm pretty sure I already know the answer, but in an attempt to better serve our seller and go above and beyond, I wanted to ask the community for the off chance that someone knows of some way to structure th...
I have been hearing alot of commercials on the radio for Cash Call Mortgage. Saying they don't concern themselves so much with FICO scores or tax returns. They also accept low down payments for investment properties....
I am asking a lot of questions lately! I appreciate all advice I get. I am having one hell of a time getting financed for a rental property I am trying to buy.
The seller is just your average home owner. H...
Hey everyone,I’ve talked to a few mortgage lenders who are all telling me that it’s basically impossible to do a 5% down conventional loan on a primary residence duplex. They are saying that it is not within the guide...