Crystal Salton
Need Help Structureing an Offer & asking seller to hold a 2nd
We are trying to find a way to buy a $550k-$600k house here in S. Florida (assume $417K conventional) with 10% down not the 20% down that is required for a jumbo, to avoid PMI doing an 80/10/10. My 10% isn't enough t...
Christopher Adkins
Land Trust
Hi Guys,I could really use some help on this one as I do not have a lot of experience with Land Trust.Here is the scenario from the owner:Or I can owner finance to a LLC or other entity, property stays in the land tru...
Jimmy Yu
Philadelphia's Market Question
Doing some independent research on Philly's housing market and want to hear long-time philly pros' opinion on the market and more importantly the below stat: Philly's inventory has been declining ever since Sept - 201...
Elisabeth Warren
Should I be pulling out equity?
With my paid for condos and almost paid for single family rent dwelling I have about $350k in equity. In my primary dwelling I have about $500k equity. I am planning on pulling out $300 soon with primary dwelling re...
Nate Marshall
Acquisition Stress Testing
The credit for inspiring this post goes to Rod Khleif.So often one of the more important tasks when acquiring a property or doing due diligence is the stress test. You want to close the deal. You want the property. It...
Kenneth Thomas
Apply loan after closing?
Hi,We're currently in a situation where we are waiting on a refundable loan (grant) from a city agency: the grant is applied as a loan at closing. This process appears to have stalled over two months, with no sign...
Bobby Paquette
Interest Rates, where are they going?
If anyone saw @Dave Meyer IG post the other day, you can guess rates are going to rise to low - mid 7% (Some are already there). I know no one has a crystal ball to tell the future, but I am curious on everyone's thou...
Loren Whitney
Determining if I qualify for the 2 of 5 year rule
Hey all,I'm looking for a little help on what doesn't seem crystal clear to me at the moment. I'm trying to determine if I qualify for the 2 of 5 year rule and avoid cap gains on my current primary residence. Mind hel...
Ted Harris
The real estate impact of Gulf oil disaster
Article below talks about how the massive leak could muck up housing markets for years ....
"Beyond the actual disruption to sales and hit on housing values in areas affected by the Gulf oil spill, real estate profe...
Charles Pridgen
Atlanta Real Estate Market
I’m curious, has anyone else noticed an increased in inventory of Multifamily properties? What’s causing this, wondering if these are current owners seller due to COVID-19 impact on delayed or no rents from tenants.