Aaron Hunt
0% Down, Owner Occupied...Yes or No?
Will be moving soon to a (annoyingly) HOCL area for career and to be closer to family.Based on career/projected income, was offered a 0% down, no PMI, owner-occupied option (Rate is ~4.8%) from a bank we have a relati...
Shaun Alexander
New member with a big problem! Contractor wants more money
Hello, I have lurked on this site for a long time and leeched a lot of great information. I finally have something worth registering and posting about.I made a long winded post regarding a contractor that wants more m...
Jeff Ju
Request for a payoff and reconveyance
Hi all - I did a search here but couldn't find a consistent answer. Hoping for one here. Situation: This is my first time lending money. It is a first position note for 12 months to a borrower who paid 6 months of int...
Matt DuSold
How to find properties with income?
Rental properties have always caught my eye as this is where I would like to go later on in my REI career. I do not have too much cash (more than the average college student but I am a college student) but do have pe...
Luis A.
Navigating the FHA 90 day rule when flipping
I have my latest flip on the market right now and since I have owned it for less than 90 days it is subject to the scrutiny of the FHA 90 day rule. Although this is not the first flip where I have to deal with this, I...
Dwayne Buckner
Background checks
I am trying to find the best way to make background checks from my PC on potential renters. I see several companies that offer such services online and don't know one from the other (i.e. Intelius, CriminalWatchdog a...
Ima Renter
Property Management Requirements Legit?
Hello!
I posted this earlier in the "Renter's Forum" ...
I recently found a house being leased that I applied and got approved for. The house is managed by a property management company representing the landlord.
T...
Sri L.
Hotel to Multifamily Conversion?
This seems unintuitive to convert a hotel to a multifamily, but from my underwriting it seems for the property I just got into contract (in the mid west) a multifamily conversion seems more lucrative than operation as...
Nettles Mason
Suicide Discount
Odd topic but real question. My partner just called asking what we should offer on a house. Absentee Motivated seller with recent suicide in her house. Any idea's
Marcel B.
FICO Score: Best way to increase it.
Hello,I plan on buying my first multifamily this summer with an FHA loan. My lender said that I need a min. 650 FICO score and that they "take the middle score". My scores are as follows:Experian FICO Score 2: 586Expe...