All Forum Posts by: Joe Abughazaleh

@Anthony Atiase I don't know that there's those types of lists out there. But it might possible to get a list of homes that have city or county violations and that will sometimes be an indicator that property is vacant.  Best of Luck!  

Hi @Joseph Seago welcome to BP and the real estate world! Lenders want to know if you'll live in the property or not. If your not its seen as higher risk in which it would be considered an investment or possibly a 2nd home. Interest is going to be a bit higher. You'll sign documents at title saying you understand its a federal offense if you lie about the occupancy status. They do check occupancy cross reference with utility records, drivers license info, insurance to name a few. I've seen some 5% down conventional loans out there for investors. Hope this helps!  

Hi @Gala Klein based on the information given you should be able to refi as long as your mother can qualify in the future for a loan and there's equity. Keep in mind interest rates will continue to rise based on the Federal Reserves recent comments just something to keep in mind.  

Hi @Eric Armstrong this isn't a lien option but umbrella insurance is pretty good coverage to have to protect you're equity. 

@Anita Muhammad Keep in mind hard money lenders will usually need to be the 1st lien holders on the property. If you find another one willing to be 2nd lien holder then that could work but in my experience I don't think a hard money lender would be willing to take 2nd, too much risk. Hope that helps! 

@Corey Wirtz I'm sure you've read the arguments of both when you first start RE, BP has put many articles together over the last few years definitely worth the read. In my opinion focus on getting out there and buy buy buy!!!

@Peter Fennig I've also noticed the price increase in mysmartmove, I know Zillow has one that's about $11 cheaper. I think overall they're all within that price range give or take. Also cheaper than what most property management companies charge so hopefully you're potential tenants can appreciate that. 

@Eli M. Yes I think its a good guide for you and @Kyle McCorkel is 100% correct in what he states. 

Hi @Eli M. if you go to the National Association of Realtors website you can find the "Code of Ethics and Standard of Practice"  its an 8 page pdf. That has some of the info you're looking for. Hope that helps! 

@Lawrence Eiseman There are many factors to consider: Are you buying the land to hold, flip, lease or build also what's you're risk tolerance. Heloc might cost you less if your going short term but you might be risking your home if your speculating and fail to make the payments. So I think you should do the ol pro's and con's to each of those options to help you figure out which way to go.

Best of Luck!