All Forum Posts by: Shawn Mcenteer

Does anyone have any feed back on how accurate the facts on RealEstate.com are?

I stumbled across this Meridian Pacific properties and was wondering if anyone has done business with them and if they promise what they offer? It seems to good to be true. They guarantee a 1 year lease on your investment property and claim to have found hots spots that will show appreciation of 18% per year, all you have to do is purchase the property from them. From what I read they act as the property management company as well. I am interested to to here what the BP community thinks of Meridian Pacific Properties.

Great,my main goal would be to get feed back on certain areas but in regards to proper etiquette on BP what is best way to go about searching for a partner on a particular deal if it were to come up in the future? Is it considered solicitation if i offer a deal looking to partner up with local investor?

I am looking to reach out to investors in particular areas would I be able to do this with a Pro account? I understand the pro account allows me to see who is in my extended radius but I may need to search greater distances. Example I live in NJ and want to connect with an individual familiar with buy and hold rentals in Charlotte, NC.

@Dion DePaoli

My apologies, FHA loan.

Unfortunately I received my mortgage this past July, 2013. It sounds like the best way to remove it would be trying to make additional payments on my mortgage to get to the 80% mark and then refinance if rates justify a lower monthly payment.

I have the money to pay it down to 80% I just do not want to put it into my primary resident becuase ideally my goal for 2014 is to purchase my first inbvestment property. Is that a smart decision I am making?

@Muhammad Abdullah T

The seller and I have no relationship. we have spoken briefly a few times through email.

Would it be possible for me to take over his existing mortgage and set up a rent to own with seller and it not be fraudulent?

TY @Matt Devincenzo & @Wayne Brooks

This could however be great opportunity to purchase a property under value from a person who must sell, I just will not be able to sell it back.

I am currently speaking with an individual looking for an investor to purchase his property from him at a discounted short sale (not familiar with discounted short sale or if it even exists) and sell it back to him or a relative. Are deals like this possible? Essentially it is wholesaling a property back to the owner if my perception is correct.

I recently read increasing the value of a property can remove the PMI. An example would be adding a new bathroom and get the house reappraised. Would this be a technique that could work? Similarly appreciation could remove PMI. Not sure how true this is.