I found a property in pre-foreclosure and need advice on how to clear the title in this case.Scenario:The seller wants out for the cost of his second (renovation) loan.

This would update the house and consolidation our loans, but we are trying to get out of the middle class trap so we want to purchase our next rental property.

Short- or mid-term isn't Zillow's best use case.

I am considering converting to a long term rental but thought that mid term might also be a good approach as well considering the home is fully furnished.

Would love to connect with other investors in the area that are also doing long-term rentals, renovations, and/or short-term rentals.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

The Housing Stability and Tenant Protection Act of 2019 continues to challenge owners of rent-stabilized properties.By year-end 2024, the distress rate for NYC multifamily conduit loans reached 8.5%, contributing to an overall conduit distress rate of 14.4% citywide.

I’m passionate about health, wellness, and personal growth, and I’m now diving into the world of real estate investing.I’m particularly interested in rental properties and passive income and eager to learn the ins and outs of finding great deals and building long-term wealth.

While his loan isn't assumable, you could structure a deal where you take over payments while giving him equity in a seller-financed second note.

Conventional loan, 25% down at ~7% interest rate How did you add value to the deal?