Account Closed
HELOC appraisals - why so low?
Hi everyone - is it common for HELOC appraisals to come in lower than conventional mortgage appraisals? Last spring my property appraised for $135k and this past fall it appraised again for $85k. No drastic changes t...
David Lemont
Looking to buy a condo to STR in Cape Coral / Fort Myers
I’m trying to find a condo to start short term renting in the Cape Coral / Fort Myers area but the problem I’m running into is all the condos I’ve seen have a 30-Day minimum stay requirement. Does anyone know of any c...
Lisa H.
What expectations should I set for a good realtor?
What are your expectations for a good Realtor? I thought I found a good one but he ended up blowing me off. For whatever reason it doesn't matter, I'm off trying to find someone else--back to square 1. But what woul...
Edward A.
Foreclosure prices seem high
Looking for a first FLIP opportunity. I have noticed that foreclosure properties in the Maryland area seem very high for being a foreclosure. Why are houses that require work/more risk priced at or above market valu...
Aj Escomiendo
Rate Shopping Etiquette
What’s the proper etiquette when shopping mortgage rates? If planning for shopping rates, is it respectful to be transparent and tell the lender/broker that you plan on shopping the rate to get a better deal?
Jack B.
Anybody ever done an irrevocable trust?
So I'm considering retaining an attorney to create a Wyoming Irrevocable Trust to protect some of my assets.
My rental properties are mortgaged so I can't put them in there, but I want to put money in an account in t...
Nick L.
AC Unit Replacement Too Costly & Seeking Alternative Solutions?
The AC unit and damper system in my rental property just went out yesterday and my property management company is proposing a fix of ~$5k to replace the AC and ~3k to replace the dampers using their trusted contractor...
Elisha Keller
Progress through NACA!
Hi Everyone! It has been awhile since I've posted. I took a few steps back and really thought about real estate and how it would fit into my life. I was tossing around the idea of a multifamily home vs. single f...
Jean G.
Is it considered a security if I offer my private lenders a bonus
Hello,I buy and hold properties, and I am trying to find a deal structure by which private money lenders would be interested in providing me long term funds at reasonable rates, as opposed to typical hard money (high ...
Richelle Hatch
401k
I have a question, I heard that you could use your 401K to buy real estate without having to pay penalties or taxes, is this true?