Jack Perfett
Do These Closing Costs Look Correct?
Hello!
I am currently in the process of purchasing my first multiunit house hack in the Philadelphia area. I am using a 3.5% down FHA loan and have received a loan estimate on a property. The property is $425,000 and...
William Powell
Looking to purchase something beachfront and hold as a STR/MTR
Looking to purchase something beachfront and hold as a STR/MTR. I have 1 MTR I just rehabbed bringing the value to 160k which is my needed DP for the STR on the beach. Banker is telling me investors are being pushed o...
Account Closed
[UT] Choose most qualified applicant instead of first applicant
I've been brushing up on Fair Housing and I'm not sure about this distinction. I know the protected classes in my state and locality.Say I have an open house for a few hours and when I'm done I have X online applicati...
John Pauler
Tricky 1031 exchange w/ condo conversion
Here's a 1031 challenge I am currently going through now...In March 2014, I purchased a small two family owner occ with a tenant renting the other unit. In August 2014, I moved out and have been using it as an inves...
Daniel LeGare
Dallas TX // Seller Financing Deal on the Table, First Timer
I recently found a house in Dallas (listed on Zillow for 120 days) that is 100% owned by the seller, and they're open to seller financing. I am interested in buying the house and renting it out. I have the ability to ...
Alec Jacobs
Should I pay $20k over the appraisal value
Hello everyone, I have a weird scenario that I have been really wrestling with lately.I am in the middle of buying a home and the appraisal came back $40k under my offer. The seller said they would come down $20k and ...
Mark S.
preREO - First Mortgage Secured by Vacant Property
As an investor in a couple of Jorge Newberry’s note funds, I came across one of his newer ventures: preREO. I’ve heard him speak briefly about this on a podcast or two and am signed up to attend a webinar with them l...
Robert Shorey
Wholesaling
As a beginner at wholesaling should I should I get a cash buyers list first or get a property under contract first then seek cash buyers
Christopher Lynch
How to evaluate income property for house hacking
Hi all,I wanted to get some clarification on what rules you are using to evaluate a house hack. My goal is to buy a multi-unit property I can live in rent free. What metrics are you using? I have heard some people use...
Nelson Kaeb
Retirement in 15 years from any age.
I have recently been rolling around an idea for early "retirement". I'm sure I am not the first person to have considered this so I am looking for other opinions or potential pitfalls I have not considered. The idea w...