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In another thread, @Bill Gulley and I had a brief discussion on underwriting guidelines. Rather than take that thread off topic, I created this one to hopefully further the discussion. The main contention was whether ...
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I am under contract on a short sale with Chase and have a very tight deadline for settlement mandated by the bank. My title insurance company did a search and came up with 6 open liens on the property, all but two I ...
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In my limited experience, lenders predominately offer the same thing (though I could be wrong about that). What would you recommend looking out for (characteristics, credentials, etc. they should or shouldn't have)? I...
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I'm thinking of buying this place and updating the kitchens and appliances to increase the cash flow. It is a duplex with 5 bedrooms 2.5 baths on one side and 3 bedrooms 1.5 baths on the other with a 1 bedroom suite i...
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Are there any liens that would prevent someone from selling a property? I know property tax liens stay with the property. What about mortgages? Can you sell a property with a 50k mortgage for 1,000$ dollars and not sa...
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I've heard that Credit Unions will continue to personally finance multiple Properties, even if already owning 5+ rental properties personally, and not force one to go Commercial Mortgage route. Does anyone know Credit...
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I just went through two 1031 exchanges this past year and now Upon finalizing my taxes my CPA is telling me I owe capital gains because my loans on the newly purchased properties are less than the loans I had on the p...
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I've targeting a property in my area that is soon to be listed at a Sheriff's Sale. Prior to the sale I want to make an offer to the current owners for the price of the outstanding debt and property taxes. With t...
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On the podcast David keeps saying that house hacking is the easiest way to build wealth through real estate, advising to add one property each year paying 5% down.I'm theory it sounds great but in reality assuming you...
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Hi BP I live in Georgia and I am in the middle of deal I put under contract subject to with the seller who is in then process of a loan modification and I am selling it with a lease option with the buyer that I have u...