Deanna Graham
Getting a Loan for a Rental at 50,000 and Below
I found a Single family house I want to purchase. I am in Columbus Ohio and I want to purchase to rent it out. Has anyone run into getting financing for properties under 50,000. I must put 15% down which takes the loa...
Tyrone Jennings
These numbers don’t seem right to me, need advice
First post, first investment property. A broker I’m dealing with sent me the email below, his numbers are not working out in any mortgage calculators that I’ve used. I’m i missing something?
You have been pre-qual...
Courtney M.
Anyone familiar with loans in Michigan / closing costs?
I just got a quote back for a loan for a SFH in southeast Michigan. At $89k ask, there are $5,500 in closing costs ($1,500 of that is tax prorations) and then $2,100 in prepaids (insurance/taxes). The closing costs se...
John Tatum
Tenant paid last month - can I evict for unpaid rent
I'm I'm having a very tough time finding an answer to this question. I'm in the state of Florida and I have a one year lease with a tenant who has paid first month, last month, and security. We are in the fifth month ...
Kenzy J Forler
First time buyer questions
Hello everyone, my name is Kenzy and I'm planning on making my first duplex purchase before I start school back up in September of 2016 so I can live with minimal housing costs. I started learning about real estate i...
Sean Ploskina
203k Loan costs?
I got a quote from a wells fargo loan officer stating the closing costs for a 203k loan was going to be 8k on a 105k loan. This seems really high to me. Am I wrong? Help me BP!
Craig S.
Do You Refund Rent If You End Lease Mid-Month?
Hello,
I served a 3-day notice to a tenant recently and they should be completely moved out by tomorrow, January 23rd. There were drug-related issues and they violated the lease, so I served the 3-day.
My tenant pai...
Wydell Jones
Multi Unit Property 203k loan
Im a college student looking to take advantage of a multi unit property out in LA around the Inglewood area.i have an okay amount saved for 3.5 deposit on a FHA 203k Loan, a really good credit score but my income that...
Cal C.
Tenant left the country Permanently
New one on me. My tenant of three months decided that she wanted to divorce her husband and move back to the DR. Phone call last month saying she was leaving and a text on Monday stating she left the key in the mail...
Hector Briz
Analyze closing costs
Hello,
I am a first time investor that is very brand new to RE investing. I am a DACA recipient doing a conventional 20% down owner occupied loan to house hack a fourplex. These are the closing cost I received from...