Hello,I am trying to educate myself on sfh. I read & heard some stories about buying older homes could cause headache. I have a few questions that maybe other BP can shed some light.1. What is consider older homes...
I recently purchased an investment property in Montgomery, AL—a 5-bedroom property close to a major hospital in the area. It has an inground pool that I was initially set on filling in. However, lately, I've been rese...
Very newbie question. I have a borrower who is a member of our local REIA, that needs $50,000. I want to make sure I understand the process of being a private lender. I have my lawyer draw up a mortgage and promissory...
I'm just starting my real estate adventure, but I do rent my basement on my primary home. I rent through Furnished Finder which has a standard rental contract. I also have registered my "rental company" with the sta...
BP,Have acquired my first property February of 2018. Recently got a soft appraisal from my realtor and banker who told me they feel comfortable that I can get $50K out of the home to use on a new property. I'm in Ta...
Hello- My daughter is entering her second year of college and looking for off campus housing in DC. Studios close to campus rent for 1,600/month. There are condos for sale for 220,000 with 400 HOA fees. I am conside...
Can I use an escrow account vs. local bank / credit union to hold my profits & cash-flow?________________I know that some recommended credit unions over banks due to the interest made on them and them being easier...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $265,000
Cash invested: $10,000
This house started as my primary home. FHA with 3% down. Moved and rented and cash ...
I've lost my W2 job due to COVID-19 quarantine in NYC. I'm applying for Unemployment from NY state. There a question in the application: Other than part-time work, on-call work, or owning a single-family rental unit, ...
Hi everyone, I am a research associate for a nation-wide luxury residential development advisory firm, and a real estate agent in NJ.I am posting a simple sample transaction summary below for a 4-unit brick apartment ...