Benjamin Riehle
Full remodel turned into quick profit flip
Purchased a fully gut remodel from a local wholesaler here in Tucson, Az 2 weeks ago for $105,000. Our plan was to spend $100-$115k remodeling this property and then list it for sale. Comps in the area were in the $28...
Anthony Miller
Tenant Moves In Someone Not On the Lease
I have a Section 8 tenant who moved in his girlfriend and her son without due notice. My basement is FULL of her stuff and the neighbors are complaining about the loud music nearly every night at 2 AM. I have a stro...
Michael Dunn
Cash-Out Refinance..... Start paying Interest immediately ?
Just had a quick question please, regarding Cash-Out refis. 1. Do you get the Amount of Cash from the Refi. sent to you , via a Check ?2. Do you start paying Interest as soon as they Lender writes you the Check ? 3. ...
Shaun Kackert
Getting started, have cash and bad credit
I have been reading this site for a few months now. Due to a lawsuit I will be coming into about 800-840k. I want to make sure that I don't blow the money and I'm trying to get into real estate investment. I filed ban...
Josh Green
Real Estate 2009
http://money.cnn.com/magazines/moneymag/moneymag_realestate/2009/maps/states.html
according to this prediction, my metro (TAMPA) won't hit bottom until Q1 2011. 2011!!!!!!!!!!! #6 in the natio...
Patrick Jacques
Foreclosed with unpaid balance
While looking at properties I'll come across a property that says "foreclosed , unpaid balance of $ ". What does this amount mean? How is the unpaid balance taken care of? By who?
Tekoa Glover
Am I entitled to a denial letter
I want to know if I am entitled to a denial letter if I am denied a DSCR loan. One week before closing the lender decided that I had not owned the property long enough. They said for me to come back in 3 months, becau...
Jack Sarcia
What if I cant 1031?
I will be closing on the sale of my 3 family next month for 450k and I will be netting about 100K before capitol gains tax.My problem/question is that my first year of self employed income does not qualify me for loan...
Matthew Sutton
Too many rental properties in the area
I was playing around on Zillow last night and did a rental search. In the town next to mine, there were 360 rental houses needing tenants in the Houston area. Should this be a cause for concern jumping into this real ...
Tonia Butler Kinsey
Tenant wants M2M lease due to roaches
My tenant of 29 days is asking for a month to month lease so she can find a new place due to roaches. She sent me this long formal letter asking me to change her annual lease to month to month because she is seeing r...