Julian Barnes
HUD-Owner-Occupant Rules?
Hi all...
Just a question for the vets....
I understand that when you BID as an "Owner-Occ", you have to actually occupy the home for @ least 6-12 months BEFORE refi'ing or selling.
And when you BID as Investor and...
Oscar Olaussen
HUBZU, - does it make sense?
I have a bought some properties on Hubzu, and as many of you have stated, you have to be patient to get a good deal.
After over a year watching and dealing with them, I can still not figure out their business model. W...
Martin S.
Where is the strongest rental market in Metro Detroit?
Hello everyone, this is an amazing site, I learned a ton here and I hope you can help me with my dilemma today... My dad will be moving to SE Michigan (Metro Detroit). He wants to buy a duplex so he can live in one u...
Matthew Hall
Is the DOS clause actually spelled out in the mortgage or just implied because it's not assumable?
The mortgage I'm looking at says nothing about a DOS clause but does say it does not have a "Demand Feature," which apparently allows the lender to call the loan due for any reason. It does however have a box checked...
Tobias Stoll
Investors should avoid investing in western PA
I experienced a very hostile environment for investors in western pa therefore I would advise everybody who thinks about investing there to think twice or even three times before making a decision on investing in this...
Greg P.
Appraisal was $2,000 short of Purchase Price....sigh..
Hello, I recently rehabbed a property, put it on the market and it was pending sale contingent on appraisal. The appraisal came in and it came in just $2,000 short. The buyers want to back out since they thought the...
Jason K.
Assigning contracts -- financing issues? Need a solution quick!
What happens when you want to assign a contract to a buyer/investor who will be buying the house in different terms than the ones you agreed to the seller with?
For instance: If I get a house under contract for 100K ...
Jeff Kovac
New Member from Alaska, Investing in North Dakota
Hello, my name is Jeff Kovac. My wife and I are Alaskan residents currently operating a small business in the oil fields of North Dakota. Found one of BP’s forums during a commercial real estate search. Checked out th...
Jamie Lutch
Must all rental properties cash flow?
Hi everybody, first post, thanks for being such a great resource.We are looking at buying our first rental, it is a condo in a remote area (remote to us, the area itself is developed)my numbers on the one unit ive lo...
Frank Maratta
New construction apartments
Anyone out there ever built an apartment building from the ground up? Can you shed some light on price/sq foot it cost you to build (not including the cost of the land). What type of cash on cash return can I expect ...