Rick D.
How Exactly Does a FHA 203k Loan
Can anyone point me to a narrative that explains exactly how a FHA 203k loan works? Is the process flowcharted out anywhere? How much repair can be financed? Do you make IO payments during construction? etc.
Thank...
Andrew Kent
Single-Family home in the desert of Los Angeles
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $585,000
Cash invested: $60,000
The property was a single-family home that I purchased just before covid shut down ...
Lennox Matsinde
Hoping to network with wholesalers for turnkey starter homes.
This may not be the most effective way of going about this but here goes nothing.I'm in the market for a small standalone home or town-home in the beacon hill or West Seattle neighborhoods, with at least 2 beds and 1....
Patrick Roob
Home Warranty Questions - Newbie Chicagoland Investor!
Hey everyone!First of all, thank you in advance for your suggestions and words of wisdom!6 Months ago I had purchased my very first investment property (4-unit row home) and I am continuing to struggle in deciding whe...
Alan Russell
Converting home to rental
I need to understand what happens to the equity (for tax purposes) if I convert a single family home to a rental property. Would this convert at a current tax cost basis? For instance if I purchased a home for 125K ...
Mike Rodrigues
Tax Implications for Renting out Rooms in Primary Residence
Hi guys, I have searched the internet far and wide, but still have some questions/concerns for filing my taxes this year.
Basically, I own a 3br 2.5Ba townhome that i purchases for 140k with 40k down, my total paymen...
Robert Aydelott
VA Financing Approved, Struggling with direction and numbers
Hello Everyone,I've tried to do as much research as I can before posting, so please excuse me if I've made a discussion in error. I'm looking for advice and direction in the Denver Market.The numbers:VA Financing Appr...
Brandon Stewart
Do lenders lend more than what the home is worth?
Let's just say the home appraises for 200k. Will they approve a loan for someone buying at 210? How about 250k if they put more money down? I know there are lot's of factors involved, and it depends on the lender. But...
Douglas Larson
I made $185,00.00 this week on two sales!
While this statement is technically true, there is much more to the story than the headline.First, both sales represent a bit of a let down as I actually thought my net from these two deals would be closer to $250K. S...
Kevin Kim
Strategy for First Time Buyer, 760+ Fico, $100K DP in Los Angeles
What's the best strategy for my first deal?I want to invest in an income producing residential property. I have about $100K cash saved with a steady $9500/month W-2 paycheck, 760+ FICO and no debt. I'm willing to put...