Mark Betche
Question on purchase
I hope I'm in the right place, it has been a while since I have visited.
I am making an offer to my uncle on a building I rent a portion of. I have rented this area for 18 years from him.
The roof is in need of much...
Mike Cartmell
Deal Analysis - Subject To on VA loan
Hi All,
I have come across a property that the seller will sell subject to the existing mortage. He owes approximately 140k and its worth around 150k. Not much equity but the existing financing makes it att...
Rick Strobel
Possible first deal on a flip - happening really fast
I don't know where to start, so I'll try to start from the beginning. :D I've been self-employed in the technology field for about 10 years. I'm reaching middle age. My plan when I struck out on my own a decade...
Dan NA
OneWest Bank Takes Over IndyMac's Assests Another Short Sale Waste of Time/Rant?
Hi everyone, just wanted share another short sale story (maybe I should say saga, lol). This is for my personal residency and not an investment property.
First I am sure many of you are aware that OneWest Bank has t...
Matthew Johnson
Bad Mortgage Advice
Hello All,This is officially my first post to the exclusive pro area. I have a question about a bad mortgage that I was hoping someone might be able to help out with.My wife and I purchased a home for $225,000 in 2006...
Nick E.
Live in flip, new construction
Hi, brand new here and had a couple of questions. I had this idea the other day and now I can't stop thinking about it. I currently own a home that I bought new construction. I have lived in it for about a year and a ...
Denny Le
FHA Multi Family Purchase Questions
Hello BP,
I am hoping to purchase a multi family property (4-plex), with the information:
Price: $255,000.00
Down Payment: 10% or $25,000.00 with FHA
Loan Period: 30 years
Loan Rate: 3...
Braeden Meier
Recent College Grad Looking to House Hack in Chicago
Hello All,Been part of the BiggerPockets community for about a month now and have been looking at properties in Chicago neighborhoods to house hack. I have found a couple that could be viable options, but wanted to po...
Allison Ezzi
Construction Loan Structure??
Hey there BP!I need some advice on how construction loans "typically" work.I am working with a private lender on a construction note., now this is not a typically loan that this individual provides, but he is willing ...
Jason Fay
Caps
Does anyone have an idea on what fair cap rate is in seattle? Everything in my area seems so low. Also is it common for seller to want 10% earnest money held back after feasibility test?