Helped someone else out, but this one is paying off. Relative did not want to make mortgage payments on current home and new home purchase. I suggested that he rent the current home to cover the mortgage, but he didn...
I am just starting out in real estate investing. I have purchased 4 properties this year. I am having trouble buying any more because the banks don't want to lend to someone who has 4 outstanding loans. I paid cash...
I am struggling with getting a loan due to a temp job/working with a staffing agency. My offer got accepted on a house and I was suppose to close on Dec 10th. Today, I receive a phone call from my lender saying that I...
Hi,I'm a pretty young individual. I'm looking to buy a single family house with a purchase price around 400-500k. My question is how much do I need to save to be able to legally buy this house? My parents are able to ...
Dear fellow investors,I am under contract to purchase a facility. The current assessment is about half of the purchase price so the real estate tax will go significant up. My attorney recommended that I consider split...
It seems that my only non-private mortgage options are FHA and a conventional loan at 25% down. I apparently make too much to take advantage of state / agency-backed loans that allow for lower than 25% down.I’m 25 wit...
I have a question.While searching for houses to invest in, i found quite a bit. They all totaled to $1million. But I only have $500k.Is it a good idea to instead of getting a mortgage for $1million, should i buy all i...
OK, not really sure of the question to ask here.We are on day 3 of our option period and i am trying to get insurance quotes done for this rental house i am planning to fix up and rent (SFR). Now i own a primary resi...
Hello everyone,I am looking to make a career change from oil and gas Inspection into real estate sales / investing. I am currently working about 3 hours from home, and have recently passed my Co. real estate exam. At ...
I currently have a deal under contract for 15 SFH and 3 duplexes for $306,000, the properties gross $6,750/month in rent. The properties are very conservatively worth $445,000 as-is.I have $30,000 to put into the deal...