Melissa Gittens
Roofing Issue HELP Advice Needed
Hi All, With the last Rain/Wind storm we had a few days ago, my tenants called me to complain about leaking coming from the ceiling. I immediately went over to the property and found that there was definitely a leak a...
Tony Gunter
Seller Financing Loan Origination Service
Hello BP,Has anyone found a service that is friendly to MH investors with regards to having seller financing set up to pass DF/SAFE Act scrutiny? This would apply not only to those who want to by and resell with finan...
Jon Holden
FHA occupancy rules. Need advice
Hi, this is my first time posting on the forum, hopefully someone can help me with my situation. I live in an owner occupied duplex that I purchased with an FHA loan. I live in one side, and I rent the other side out....
Ben Hunt
How strict is the FHA Self Sufficiency test?
I'm looking at buying in an off market 4-Plex in Austin Texas using FHA financing where passing the self sufficiency test is iffy.In my calculations, 75% of the total rent covers approximately 100% of the PITI. Howeve...
Minh Le
Too good to be true?
Hi all,A realtor/investor reached out looking for $12k to help fund a deal and promised a net return of $24k to be paid 60 days after the property has been rehabbed and listed for sale. We have since defined the listi...
Kendall Mercer
Problem with a contractor
So I recently bought a SFH to rent out and just had it remodeled. The guy I hired I asked to do a laundry list of tasks which included painting the exterior. That same day I contact him for the job I had told him I wa...
Antonio Gonzales
7 Steps to Guaranteed Hard Money Approval
What is Hard Money & Why Would You Use it?A hard money loan (also known as a private money, rehab, equity-based or bridge loan) is a specific type of asset-based loan financing through which a borrower receives fu...
Mike Purvis
"legal duplex" vs. "non-legal duplex"
Hey guys,
I'm looking in the GTA for a duplex or a triplex. I see a lot advertised as a non-legal duplex but still advertised with multiple units. What are the legal issues of renting out a unit in your house...
Scott Bell
What to do with a property
I have a home in the FT Benning area, currently with a VA Loan. I have had a bad experience with 3 different property managers over the years. Now I'm going to Korea far a few years and need to figure out what to do. ...
John C
2nd mortgage forclosure
A property with two mortgages is coming up for sheriff sale. The second mortgage, which is a construction loan (and twice the amount of the first) is foreclosing on the property. I was under the assumption that the fi...