Sophie Mia
Agreeing to buying foreclosed house before inspection?
Hi everyone,
I'm in the process of buying a triplex (foreclosure). It looks like it's in very good condition and should be move-in ready. I will be using FHA Financing.
The problem is that the bank gave...
Mikel Graham
Question on wholesaling Fannie Mae?
I know this has been covered a bit in the past (and yes I'm going through the threads). But I do have one question that I'm not 100% clear on.
Apparently, there is a "carry with the land" statement in the 90-day/20%...
Alejandro Nava
Getting Leads In The DFW Area.
Hello everyone,I'm currently trying to enter the Real Estate game and have been trying to do so by wholesaling. I have gotten close but still have not been able to make any deals. I have been cold calling but have had...
Matthew Lindsey
Possible to close on a property with active eviction?
Hi,I know this is not ideal at all but if the sellers of a property with a tenant in place has filed an eviction on the tenant within a couple days of closing on a property does the eviction stay in place, or is it nu...
Benjamin Shaw
Our first unconventional small success in real estate.
This is not the typical success story since my wife and I are just starting out and have still not found our first deal. We are reading the books, listening to BP podcasts, going to REIA meetings, and browsing the BP ...
Henrik Frank
HomePath "FirstLook" - what prevents me from making an offer?
I'm looking at a property from FannyMae that just hit the market. However, it's tagged with their "FirstLook", which means they only accept offer from OOs and "buyers using public funds" for the first two weeks.
My q...
Spencer Howe
Tenant left without paying rent on the first. What paperwork do I present if any?
Tenant was supposed to pay rent on the first. Found out from him on the second that he had already moved out. The room was left in good condition and I have 1 month security deposit from the tenant. His rental agreeme...
Fareen E.
Start lease on closing date or the day after?
Hi, I'm closing on a property of which the Seller will become by tenant. Our closing is scheduled for 2pm on Monday. Keeping insurance and ownership in mind, what is the correct day to start the lease?Thank you for th...
Priyanka K.
Texas Terminating Contract within 3 Days-Earnest Deposit Needed?
Hello fellow REIs,I have a quick question on Earnest money check deposit on a property in Texas. Per TREC contract, Earnest check has to be deposited within 3 (business) days. My question is - if the contract is termi...
Tyler Burlison
Cash Out Refinance Options on Rehab
Hey everyone,I'm sure this topic has been addressed several times but it seems I keep getting different answers when talking with different lenders vs. what I've read online. I am rehabbing a property and would like t...