Min Kim
Should I cash out refinance ?
Hello everyone,My wife and I currently live in TN after PCSing from WA. Our first home is in WA and is currently being rented out. Below are some info on the home;Original loan - $333kCurrent balance - $320k30 year lo...
Kenny Tran
Putting rentals under personal name
Hi everyone, I currently own 2 rentals under my corporation. My mother let me use some of her line of credit to purchase both properties. One house I borrowed 80k and another I borrowed 30k. The interest on the credit...
Dante Nava
How to Sub2
So, I've got a perfect opportunity for a Sub2 deal (the seller is totally on board), but I don't know what I need to do to make it happen. My local REIA said go talk to a lawyer, so I've got a few calls out.
...
Trevor Fritz
Buying both sides of a duplex
Asking price - $179,000Hoping to get it for $160,000Unit 1: 2 bed 1 bath - needs about $10,000 in work, unfinished basement but possibilitiesUnit 2: 2 bed 1.5 bath - Needs $10,000 in work, basement very poorly structu...
Frank S.
How should I structure this motivated seller deal?
I have a motivated seller with an SFR, 3 beds, 2 baths, 1600sq. ft., Houston suburbs. The ARV is 120K, the rehab is 15K, and I'd like to make 20K (flip) with an exit strategy of refi, rent and hold. I'd like to offer ...
Mike Mitchell
I'm being forced to buy title insurance in Texas
I was told yesterday by my trusty title company that they will no longer close on properties that do not have title insurance. I bought a property two weeks ago and bought a policy. This week I sold the property and...
Marcos De la Cruz
Cash flow minimum?
What is an acceptable minimum amount of annual cash flow for a SFR that's free and clear?
Sergey Pshenichkin
Advice for a renter with low income and 2 kids?
Hey BP folks! I'm a longtime fan, first time poster. I actually just bought my first home last year in Montgomery County, Maryland (a condo with a low condo fee using an FHA loan, not a super great deal but very reaso...
Robert Kriedermann
My lender spent my escrow on taxes for the wrong parcel.
A few years a go I purchased 2 duplexes from a single seller with cash that are about a quarter mile from each other on the same street.Over a year ago I refinanced just one of the properties. The payment was $857.70 ...
Kacie Benson
What if I used the first-time buyer to get ahead?
Just a thought I've had for a couple of weeks now.
What if I used the FHA loan and paid the PMI for a condo where I live and then get a rental property? I would have to take HOA's into consideration but . . .
Buy ...