Stephen Jones
Enlighten me- Federal funds for a multifamily purchase
Hello All,
I'm in need of a little explanation and advice on acquiring federal funds for a 30 unit multifamily purchase in the Midwest area. The apartment complex I'm buying is an old school that was converted into...
Garrett M.
Using off book funds to close home purchase??
I am closing soon on an investment property using conventional financing and 25% down. My question is: Is it ok if, at closing, I wire funds from another of my personal checking accounts that was not reviewed as part ...
Zach Click
Purchase triggering property tax reassessment Cook County IL
What is everyone’s experience with a property tax reassessment upon sale of a property? In Cook County, IL, my understanding is you may or may not trigger a property tax reassessment based on a sale and otherwise it’s...
Valorie Williams
Subject to Purchase- Low risk, low buy in
Investment Info:
Single-family residence other investment in Conroe.
Purchase price: $125,000
Cash invested: $6,000
Sale price: $165,000
This property was purchased as a Sub to, we rented it out ...
Nader Hachem
Getting preapproved for a rental after purchasing primary
Hey all, I closed on my primary back in June and I’m looking to move into buying my first rental. My credit score is great right now, just opened a credit card earlier this week and I know there’s a 14 period where I ...
Josh Wilkerson
Rehab to Rent Purchased with Cash - Now What?
I'm working on closing my first rental property. It was a state owned home that I purchased for $2500 cash. It's going to require about $40k in rehab but will have an ARV of ~$95k and rent for $700/mo. I'm struggling ...
Jim Dealut
" Motion for Substitution of Purchaser" for Foreclosure Sale??
I bought a foreclosure at a trustee sale in Maryland in My LLC for my brother.. I need to file a Motion for Substitution of 3rd party purchaser with the court to have the property put directly into my brother's name.....
Alicia Marks
Purchasing house on demo list with a mortgage
I am currently negotiating a property that is on its way off the demo list. It was fully remodeled in 2020, but the city government is way behind. They are at the point of getting it inspected for final clearance, but...
Michael Taylor
What to do?? Nervous to purchases another house
A house is asking $300,000. I got a quote that I could make $55,000+ from short term rentals from a property management company in the area. I asked for a disclosure sheet and very little information was discovered an...
Ray Slack
Question Insurance for House purchased Land Installment contract
I purchased a property land installment contract 10 years ago and the deed was recorded in my name but the prior owner's name is still on the mortgage. Currently they have the insurance in their name but in the event ...