Wes Brumit
Bidding on HUD homes
What are the rules regarding wholesaling a HUD home? Ive read several blogs but still confused. If they accept whats my timeframe? Are there specific rules in different States? Im in Texas.
Paul Haughton
How to resolve liability risk on uninsured rehab property prior to closing
I have a contract to buy a distressed single family house that I plan to rehab and sell. The house is vacant and uninhabitable as is. It sustained water damage from a broken pipe in the kitchen last winter. The insura...
Zachary D.
Negotiating Price After Appraisal
Hello,I recently received an appraisal that was satisfactory to the lender (85k home price v 88k appraisal price). There are some expected repairs to satisfy the FHA loan criteria.We are in good shape to finish this o...
Delmas Edwards
Investing in homes in MI
When looking for a lender that will fund your project what are the main things to look for or ask if you have a project like this?Sale Price: 34,900 Comps in Area: $60K- 70K Nice Neighborhood 2 beds2 baths1,053 ...
Jake Hottenrott
Selling a MH, Park Owner denies Buyer
Good evening! I've ran into a little bit of a stumbling block and I'm looking for additional options for my next move. I appreciate all answers in advance.I have a signed contract to sell a mobile home but the park ...
Karen Margrave
The NARROWEST house plan you have ever built or been in?
We are going to be building 2 new condos in San Clemente, CA, and each unit can only be 16' wide. Michael has already designed a 3/3 with under building parking and 2 levels of living space. If we could find 9" more, ...
Alex M.
Help! Forming LLC taxed as S-Corp
In need of some expertise here. Thanks in advance.I have 6 rental units in NYC that I airbnb. Im also looking to buy a house for airbnb, likely in Tennessee or Georgia with an investing partner.Question:1) Should I f...
Kelly Conrad
What is the hourly rate of your lawyer?
Hey everyone!
I just contacted a Real Estate lawyer that was recommended to me, but her hourly rate was $250 (and no minimum). For now, I just need someone to look over our tenant documents and make sure they're all ...
Joseph D.
Coverage Amount - Value of Property or Amount of Mortgage
How much total coverage should I be buying on my rentals? These are SFRs - the insurance company seems to offer, as a default suggestion, the amount of the mortgage, not the total purchase price of the property. I'm...
Chad Lunsford
California mobile home dealers license?
Hello BP community I am in search of some answers in regards to mobile home investing using John Fedros techniques in mobile home communities. After doing some quick research it appears I would need a dealers license ...