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So we are partnering with one of hubbies co-workers. He has the cash, but not the time, while we have the time, but not the cash. So he is willing to buy the property, and pay the downpayment and closing. But he...
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My buddy and I would like to buy a duplex and our question is, could we each get a personal loan for 30k, let it sit in our accounts for 30 days and then use the combined funds to purchase said property out right? Pro...
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My partner and I have a property under contract and a buyer we are going to assign it to ready to close but we have not yet signed the assignment contract and given it to the title company. We gave them the purchase a...
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Here is a situation. The house is underwater and the owner is willing to do shortsale or any strategies to stay at the house and have a chance to buy the house back.
Is the above homeowner's wish possible?
To newbie...
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I have a 2 part question on deed restrictions. Here is the language in the BOA/HAFA short sale addendum (paraphrased):
No transfers for 30 calendar days. No selling for a gross sales price greater than 120%...
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I want to buy this house but I don't know how to do it with the complications that are involved, or if they outweigh the benefits. Any advice is appreciated!BACKGROUND:I live in the East Bay (Oakland - Grand Lake) ar...
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So I recently purchased a duplex in Clarksville, TN that came with a tenant in one side. Man have i learned my lesson! So I guess it started with my neglect for due diligence when it came to the tenant. I didn't have ...
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I'm reading Brandon Turner's Investing in RE with Low Money Down and I can't wrap my head around what a "Lease Option" represents. I understand that a lessee is paying rent + an option fee to live in the house while t...
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This is my first post on BP! Great forums! Here's the story, I will make a long story short... was the highest bidder on a single family foreclosure the end of July. Closing was scheduled within 30 days, didn't hap...
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A tenant in one of my single-family homes has asked whether I'm interested in selling and whether I'd consider doing a lease purchase option on the house.I have no strong feelings about this one way or another, but I'...