Scott Golembiewski
Student housing - asking about lease before offer
I found a property listed on LoopNet and drove by it today, it’s located in Ann Arbor near U of M. I called the listing agent as I’m only in town for a couple days and haven’t found an agent yet.I was told they have ...
Rich Hupper
Wholesale Contract Language and Securing your interests
Hello BP I have been mailing my letters and getting some appointments. I am about to submit an offer to a homeowner. I have a few concerns.....1) He does not plan to use an attorney. If that is the case should I make ...
Zk Lani
What’s your checklist for tenants upon leaving ?
Hello fellow BP members.I am working on a checklist for when tenants move in and out of my units. I heard on one of the early BP podcasts from 2013 that the guest has a punch list when they move in (condition of unit ...
Nicole Brodie
FHA 203K Loan for Flipping?
Hi there! I'm newer into my real estate education and was looking into FHA 203K loans. They seem like a good financing option since it combines mortgage and renovation with one loan with little down payment percentage...
Levi Sheriff
HUD House Foreclosures - Owner Occupant work around
There is a HudHome for sale in my area. It has 9 days until it is up for investors. There has already been a number of investors through. But no owner occupant bids yet. I am fishing for ideas here, but is there a...
Josh Dillingham
Am I putting the cart before the horse?
I just signed initial disclosures and submitted all documentation for a cash-out refi on a single family property I bought one year ago. I'm expecting the property to appraise for 70k and take out 75% LTV for a total ...
Chris Houghtaling
I'm renting a house in foreclosure. If the gavel falls against
Question:I'm renting a house in foreclosure. If the gavel falls against a homeowner at the next (and final it says in the court document) foreclosure proceeding, is that the day the homeowner no longer owns the house...
Dana Holland
What constitutes lying about income on application?
My tenant put on their application that they make $6500 plus bonus per month. Looking at the pay stubs, he made $3,040 gross on both and is paid twice a month, so $6,080 per month. Both stubs have a car allowance on...
David Wiegratz
How to sign purchase agreement in LLC name on Cash Purchase
I am buying an investment property all cash with a parter and want to purchase in the LLC name we have set up. In the PA, how do we sign? With the LLC name written and our signature above? Any help would be much ap...
Kyle Barton
4 Plex Condos with FHA? Multiple parcels.
Looking for assistance with the nuances of FHA loans and condos. Here is the example... under one HOA there are two 4 plex structures, 8 condos All for sale by the SAME OWNER. Each condo has its own tax lot and the re...