Chi Soul
Is this normal for the 2nd
The 2nd we just found out about after a month [owed $3,000] is asking for the original payoff amount from the 1st, and an approval letter from the 1st with the amount they'll accept. After that they state they must s...
Carson Sweezy
Do You Look For an "Investor Friendly" Certification?
I was listening to one of Michael Quarless's podcasts the other day, and he mentioned having a "certified investor mentor" classification. This made me think about how many agents in my office work with "investors" an...
Sadio C.
C Corp. LLC, LLLP
Hello,I am strongly committed to buy my first investing property by end of May in Philadelphia area.I would like to know what should be my very very first step. Should open an C Corp, LLC, LLLP, etc.? Before I make an...
Alan Siciliano
Paying down principal
Question to the group my partner and I owe several houses in a portfolio and wanting to sell them in a perfect world it would be nice to sell all at the same time not probably not going to happen, we have a offer on o...
Hannah Krebs
Question for an Appraiser in MN!
Hi everyone,I’m looking at a house to convert to a duplex in central MN. The house has a “finished” basement that includes sheetrocked and painted walls and carpeted floors. However, the ceiling is unfinished and has ...
Jared Townsend
Financing for two homes on one property
I am looking at making an offer on a property that is zoned for single family but has two SFH dwellings on it. I am concerned though that after stabilizing it the property may not appraise high enough due to a lack of...
Patrick Menefee
Who provides commercial loans to individuals under $200k?
I’m trying to put together a deal for three duplexes on a single parcel, requiring a commercial mortgage rather than residential. The purchase price will be around $165k, and most lenders I’ve seen don’t offer commerc...
Jay Richmond
Where can I find good Purchase and sales agreements?
Hey, Working on my first deal and I presented my seller with a purchase contract I found online. The seller stated he would rather his lawyer contact my lawyer and draft a new contract. Not sure if this is normal, or ...
Kelly Beasley
Would you buy a property if the older barn was never permitted?
Hi all,
I have a property under contract in Tucson, Az. It has a 1br 1ba home on it and a 4000+ SF concrete block barn built back in 1992 I’m told. My concern is if the barn was not permitted.
I’ve heard some s...
Henish Pulickal
Seller sold me his own home, then his mom's home a year later!
Investment Info:
Single-family residence fix & flip investment in San Diego.
Purchase price: $330,000
Cash invested: $69,300
Sale price: $507,000
This home features brand new flooring, brand ...