Amy Summer
Conventional Renovation Loan vs. other rehab finance options
Hello! First-time homebuyer here. I recently came across the Fannie mae home style loan, which I understand is a conventional renovation mortgage. I want to know what is the benefit to obtaining a property under this...
Ryland Boswell
Can a first time investor get a commercial loan?
Hi everyone! I have been working on learning about real estate for a while now. But haven’t had the capital to begin investing yet. I want to do buy and hold investing, and was wondering if it’s possible to get a comm...
Mike Wang
Rent or foreclosed
My situation here is: I have a underwater townhome appraised at $200,000 or less. But I have a mortgage at $280000 to this property. I was unable to refinance the property by the current low rate. the 1st mortgage i...
Brandon Ely
Scenario involving Set Backs, Taxing Districts and Consolitation
Hi all,I have a scenario that I would like to run by the forum members to determine if there are any next steps I can use:In 2014, I bought a small 50 X 50 lot in Coeur d Alene, ID. The purchase transaction was throug...
Blake Sanford
Seller Wants Earnest Money Deposit
Hello all, I am a wholesaler and I have come to an agreement with a motivated seller and this will be the first house that I have had under contract. However, the seller has just informed me that they want $1,000 ear...
Tyress Wilson
Section 8 housing?
I'm curious. How would I go about getting my real estate on the section A housing program? Would putting a duplex under section 8 housing in a bad neighborhood be a smart deal? What are pros and cons of section 8 hous...
Matt Wilcox
Any Other Deductions?
I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions. I can't come up with enough to cover the income. What am I missing. I am deducting:
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Michael Dunn
Lead paint on whole Exterior of house
I just went over to a house I have been considering buying over the past few months , and did a Lead Paint test on various spots on the exterior of the house...... and sure enough, it tested positive for Lead paint.M...
Rob Currie
Va loan versus other financing
Hi, I'm Rob Currie, newbie from Philadelphia, Pa, I'm an operator in the natural gas and oil field, ex military (82nd Airborne), was in the process of getting my formal pre approval for my VA home loan, to purchase my...
Daniel Bradley
Preparing for a First Deal by Year's End
BP community,I'm new to BP and am looking to make by first real estate investment sometime before year's end following a failed SFR investment that I held from 2011 to 2013. Failed in the sense that the gains were min...