Jordan Decuir
Houston-Area Lender specializing in FHA & 203k loans?
I am looking to purchase a 1-4 unit property in early 2020 and am interested in going FHA and also possibly in their 203k loan program. Any Houston-area lenders that are subject matter experts in FHA and 203k? I want ...
Michael Spearman
Risks of buying condo in largly commercial building
Hello BP,
I'm currently researching a condo that I'm interested in purchasing as a primary residence. During my research I realized that this building is over 50% commercial space and therefore most banks require 20%...
Letty Suarez
Renting Rooms vs Entire Apartment
Looking for insight here on this dilemma. I am owner occupant in a 4br condo. I had been renting out rooms with each person having their own lease. I have 1 current tenant. Their lease ends on 8/31, and they have the ...
Matt Vogt
Confused on how to approach this!!
My parents neighbor passed about a year ago and the home was left to the niece.She’s rarely at the property but I had the chance to speak to her for a short time this past weekend and was told she believes that there’...
Bryan Hancock
Chattel Appraisal or Cost Segregation Breakeven Size
At what size building do you find that chattel appraisals or cost segregations make sense financially? I generally use a 3-yr payback for these decisions.
In my area the improvements constitute a large portion of th...
Jamie Dzierwa
Selling contract to a cash buyer
Hello,
Can someone explain how you would go about selling a contract for a house that you have under contract to another cash investor? I am in a situation where this is what I might possibly do, but I have heard dif...
Shawn Crawley
Listing question
What does it mean when a listing states no financing continigencies considered?
Angie Prim
Landlord Insurance on multiple properties
1. Do all you investors insure all your properties with landlord insurance?2. If so, what’s the best insurance to insure all in Florida? And what is the minimal coverage you get for all? 3. What is the max coverage I ...
Hany Morsy
purchase with exciting Mortgage
I won the bid on a house at a PA upset tax sale auction 4 month ago. My wife and I spent 3 days prior narrowing down the list of properties to parcels that were worth bidding on.
Well, I made a mistake and I'm ow...
Evelyn Castillo
Newbie loan question...
Hi BP! I just got off the phone with Chase bank and spoke to them about their first time home buying loan called, “dream maker” it is a 3% down loan. They told me that as a part time employee I need 2yrs of work histo...