So after closing on my first property in February (a duplex that I bought FHA and will owner occupy for three years since I got the tax credit before doing another one) and spending the past 6 weeks doing rehab on the...
I'm looking at buying a property to live in and eventually rent. My lender is suggesting a 10 year fixed vs a 30 year right now due to rates. My strategy is to keep the home long term so to me a 10 year doesn't seem l...
As a new investor I would love to hear about the Bad and the ugly deals...
Have had quite a few conversations with bank with HELOC product available in my market (Twin Cities) and thought others would appreciate an update on this list. Some players pulled out during the pandemic, some were n...
New to DSCR loan. Does local credit unions do DSCR lending, or one must get it through broker or a loan officer? I am in Phoenix area, any suggestion of good source for that? Thanks.
I'm about to buy a property that is a short sale. My question is that I'm still debating whether or not to buy and hold or to flip the home. I already have the math figured out on both ideas, but my question is...
I reside in Houston and have been attending sheriff tax sales on the courthouse steps for a while. I've been doing my research and normally narrow down my potential buys to about 5 properties. It seems time and t...
Some questions for people who've done deals subject to existing financing.
1. Is there any paperwork involved in taking over the owner's payments? Do you just send in payments with their account # ?
2. I heard that...
Hello all, I know the basics already that I need to secure financing, get pre-approved for a loan, do my analysis on some properties I am interested in and of course find a realtor and just check out some homes. Now s...
The first part of this house hacking success story could have been written a couple years ago, but it wasn't, so here is the final part!We bought a duplex with owner-occupied financing in March of 2015. We had to evic...