We are interested in the idea of house hacking and getting a multi-family home but how would someone who doesn't have much of a savings account come up with say 40k-70k for a down payment on something like that?
My uncle quitclaimed me a home in need of repairs. I hired some contractors to do some work on it and get it ready to sell. It is now finished and ready to sell. Apparently My uncle got the property through a tax lien...
I'm applying for a $125,000 construction loan. Lender wants 1 pt. and is offering 5%, due in two years.He wants the 1 pt. ($1250) upfront. I told him I'd prefer it be deducted from loan proceeds. He claims it's refund...
Fellow BPers,I have recently had an offer accepted (and renegotiated due to unanticipated repairs) on my first duplex in Ft Worth, TX. Below are the details:$174,250 offer accepted on a 2006 duplex (4 br/2 bath per un...
I recently inherited a 1200 square foot 3BR SFR in Flint, Michigan. The house is free and clear with the exception of a water lien and back taxes of $4000. The house has water damage from a leaking roof and I've rece...
I am in the process of going through the tenant application/screening process for the first time. Currently I'm writing up some selection criteria and came across a question on income requirements. I went with the sta...
I am looking for water submetering options for my fourplex in IB. Many of the companies seem to only service larger properties. Additionally, the option to monitor myself is appealing as opposed to paying the vendor. ...
My question is what are my options for capital gains taxes? I am going to sell a flip house and profIt about $30k. Do I roll this into a new flip house, purchase investment property or down payment on the purchase o...
I read in a book that it can be a good idea to tell the seller all of their solutions one of which is a loan modification. It said to call their bank right on the spot and talk to them for the seller.
What experie...
I am from Oklahoma and I was doing some research about wholesaling. Is it true than a real estate license is needed to wholesale in OK?
If so any tips about the easiest way to get licensed?
-Alex H