Matthew Maggy
FHA Loan On Property that already has leases
My girlfriend and I are going to use an FHA first-time home buyer loan to purchase a duplex. My question is that if you need to live in an FHA loaned property, but it's already tented with leases through the next year...
Michael Carlino
Wholesale Question
Hello BP. I am looking for my first flip property and was wondering how the wholesale process works. Does someone mind explaining this to me? What is a wholesale property and how is it ideal for someone looking to mak...
Ian Harris
First investment property
Hello everyone, I purchased my first investment property on Oct 31, 2013 and fixed it up and now it's ready for rent. Unfortunately, after alot of phone calls, showings, and answered phone calls it still hasn't r...
Joshua Engemann
Minimum number of units before I can hire a property managers
I'm an in the beginning stages of real estate investment, as in I'm getting my finances in order and saving for my first investment. My target is investing in multi family rentals. Duplexes, quadruplexes, and eventual...
Account Closed
First potential wholesale deal: Help!
I found a small 3 bed 1.5 bath country home in good condition [from what I can see]. The home is in a desirable area for a single family to buy or possibly to rent. It is out in the country but there are some business...
Chris Seveney
Non Performing Loans on the way?
As an engineer by trade, I like to keep stats on thingsWe track by month the number of loans we see come across our desk. We are seeing around $1B+ a month in performing and non performing loans come our way. Current...
Kyle Rice
Do banks factor in trusts or LLC when running debt/income ratio
I have been applying for new loans to buy another property but my debt to income ratio is high because of my existing mortgage on a 4plex. If my 4plex was owned by a trust or LLC would I still have this problem since ...
Leslie Johnson
What do you do about pets?
What are your thoughts on tenants having pets? Do you charge an extra monthly rate for pets? Limit size? Extra security deposit?
Tom J.
Not using a realtor for simple all cash deals
Hey Everyone. What do you think about buying real estate without using a real estate agent? Especially for simple properties, I don’t think this is all that complex. The trick is you need to get in to see the proper...
Corey Dutton
REOs and Short Sales Over 40% of All Home Sales in 2012
As reported by RealtyTrac, foreclosures (also called REOs) and short sales, accounted for 43% of all home sales in 2012. “Distressed sales are still a disproportionately high portion of the overall housing market,” ...