All Forum Posts by: Knowe Dials

@Ronald Allen Barney I started a YouTube Channel. I’ve heard lots of people say it’s works. Essentially, you’re building a channel much like a YouTube which would put you on Google if you get good views. So far though, I’ve only got leads from people who want to rent

A friend that has a VA loan, is behind more than two years of mortgage payments. They have already filed bankruptcy, which I believe has allowed them extra time to catch up on back payments. I'm not sure on those details. Now, the bank is moving towards foreclosure. She is getting daily calls from realtors, in her area, that want to buy her home. I assume they have access to pre-foreclosure information and see there is a possible opportunity. Is there a way to get her house under contract like "Subject to" or some other process that I can do to acquire the home from her. If anyone can assist me, I am very interested in trying to make this a profitable deal. Whatever advice you can provide would be great. You can PM me as well. This is a serious inquiry.

Greetings all,

My offer has been accepted on a duplex that I plan to owner occupy but currently both sides are rented. 1. I asked my lender if one side needs to be vacant to owner occupy and they said no. I'm not sure if that's true but neither realtor or lender seems to be concerned. Will this be an issue for a VA loan?

2. Both sides are currently under contract. One side month-to-month and the other side lease ends in August. My question, how do I move one of the tenants out? Side A, long-term older tenant and keeps the property in great shape. Can I increase her rent slightly? Side B lease ends in August, as the new owner, can I simply decline to renew their lease? Do I need to give them a 30 day notice that, as the new owner, their lease will not be extended?

I'm really nervous because the seller's agent initially said side B was moving out but I found out they want to renew. Any help or advice you provide would be greatly appreciated

Lance Wakefield and Jeff Bridges. Ok thanks. That confirms what I was thinking. Last payoff amount was 155k. Which is not bad for their area. (Miami) Although its an older house (1960s) it was appraised out 200k but I'm assuming that I will have to get the house appraised soon. My biggest concern is what it will cost to rehab the house. Since they have been living there all their lives. There is no way for me to know how much needs to be done in the house

My grandparents took out a reverse mortgage on their home a few years ago. I spoke with them recently and they said they'd be glad to give me the house but neither of us know the process of what to do. I told them to contact their lender "Freedom Financial" and let me know what they said. Does anybody know the process that it would take for me to get payback the reverse mortgage? I assume I would have to take a loan from the bank and pay Freedom Financial whatever is owed and essentially it will be a regular mortgage loan. If that is the case, who would keep the deed? My grandparents have the deed now. Thank you in advance for any help or advice you can provide.

Here collecting information and ideas. Hoping to increase my wealth along the way