Grace Yang
Was I ripped off by my property management?
2 weeks ago, there was water leak in my rental in Austin. Last week, the property management company told me they have paid for me.To plumber who found the leak and stop it: $3500To remedy: $4700It is a 1700 sqft one ...
Steven Zai
First time home buyer looking for best type of loan
Hi all, So I am a first time home-buyer looking to purchase a real estate property in the NYC metro area to either live in and/or rent out. Was taking a look at all the different types of loans out there and was a bi...
Michinori Kaneko
prepaid rent tax treatment
Hi All,I know that when you receive a prepaid rent, you treat that as an income on the year that you receive it. However, what if you use the property manager, and they are the ones that receive the prepaid rent and ...
Freddy Pettiford
Seller finance deal
Hey everybody.I am in conversations with a seller who owns her home free and clear. She initially wanted to do a lease to own on her property. She has agreed to do seller financing on this property at these terms:Aski...
Zach Hawrot
Short Sale Offer Taking Forever
Over 60 days ago we placed a low bid on a house being sold as a short sale. The buyer immediately accepted. Now we just needed the bank to approve and the house was ours. Since this is a loss to the bank, they are tak...
Account Closed
NEED ADVICE super cheap subject-to in foreclosure
Hello - I have come across a seller who likely is probably about break-even in their mortgage due to non-payment for three years. The lender has still not foreclosed. The seller is willing to give me the deed for penn...
Denise Cardwell
HOA- confusion, corrution,resignation
I will try to make this short but their is so much going on with this HOA. Two years ago I purchased a few condos in one community and I became the treasurer. I had issues with bookkeeper not giving me financial paper...
Jacob Perez
Purchase Plus Improvements Mortgage
Being a mortgage agent I get a lot of questions about these types of Mortgages on here thought I'd share in a thread for reference. I think Purchase Plus Improvements are great I've personally used them for my last 5 ...
Diana Robayo
Is signing loan docs prior to buyer walk recommended?
I am purchasing a new construction SFH and was asked to sign loan docs tomorrow Sunday without completing my buyer walk and sign off scheduled for next week. Is signing loan docs prior to both the buyer walk and sign...
Chuck Payette
Regular lender can’t help me HOA concern
I am preapproved but the condo I am buying HOA docs won’t meet Fannie may requirements. Looking for alternate lender. Good credit/down payment and a cash flow positive property in MN