Amit Parekh
HELOC loans on rentals
I have two rental properties and a primary residence. I have enough equity on two rentals. I called Thirdfederal Savings& loan for HELOC. They said I can get HELOC loan on primary residence only. I cannot get it o...
John-Mark Chesney
2% cap on closing cost contributed by seller
I was talking to a conventional lender who is telling me there is a law stating that a seller can only contribute up to 2% of the purchase price towards the closing cost. Ex: $100,000 purchase price= a limit of $20...
Ikenna Okafor
Cash out Refi - Loan Fees and Costs, What is reasonable?
What amount of fees are expected these days in a cash out refi? How much is reasonable when it comes to loan fees? I had planned to do a cash refi on one of my investment properties, but the fees are too high. With t...
Kaila Turner
First meeting with realtor
Good Morning, I'm new to Bigger Pockets and this is my first forum post. I am moving to Detroit in March to take a job promotion. I have been listening to BP and researching Detroit for about 8 months now and was...
Fendy Jn pierre
Help making sense of estimate
Hello, A few months ago I wrote about how I was done procrastinating and ready to get in the game. Since then I have been viewing properties and today I saw one that I thing the numbers might make sense and I am ready...
Dave Anstatt
Former Owner Occupies Foreclosed Property
Hi all, I've negotiated a deal through a third party to purchase a property that has been foreclosed upon by the tax lien holder. The Union County tax records show the deed was transferred in June 2014 to my Seller. ...
Jake Lampinen
New In Grand Rapids looking for Property management referral
Hi Everyone,I am newer member on Bigger Pockets. Thanks you all for all the help an advice.I just had an offer accepted on a property in Grand Rapids. I currently live in Denver Co and will be moving to Grand Rapids ...
Luiny Tavares
Real Estate License as my first investment
Hi, my name is Luiny Tavares, I have always considered myself an investor, I have Real Estate Investments overseas. I am officially launching my Real Estate investment career in the US, by getting a New Jersey Realto...
Charlie MacPherson
Only one spouse signed a "view easement". Now what?
I'm trying to help a family member sell her house in Boothbay, Maine. There was an offer that blew up because of a defect in a "view easement". The buyer's attorney claimed that only one of the two spouses signed th...
Michael Ablan
Making my splash in Real Estate! 6 Units in 11 months!
Hey there everyone! It’s been a pretty awesome (and hectic) 11 months for me. I went from having just one rental at the start of the year, to having 3 houses close at the same time, with rehabs of various difficulty...