I went from no amortization and a toxic loan to a principal only payment and my cash flow went up a few hundred dollars.Seller financed 2 on a lot, 10% down, 6% 10 years I/O.

After that, you continue to make IO payments on the new, lower balance for the next year?

Both he and wife are working and has substantial money to pay current monthly mortgage (high rate IO) and expenses, even if entire loan is to be refi'd to current rates (increased monthly P&I).What would be the "hardship justification" for short sale?

Typical terms are a floating I/O note during rehab, converting to a miniperm at 5.5% fixed for 5 years with 1pt origination.

Has anyone been experiencing crashes with the app of BP on iOS?

A little about me (bullet points for brevity):- Brand new to investing- Watching BP YouTube podcasts- Live in NY (upstate and downstate regularly)- Full time job as iOS developer (I plan to continue this)- $50,000 initial investing money- $1500 monthly income to add to investing- Real-estate goal: single, multi-family, and apartments to get to a $3000-$6000 monthly cash-flow- House Hacking applicable (can move around)- New to BP forums, so tell me if I should do this in a different format (or in intro forums)My unique situation: I'm (obviously) looking for ways to make the best out of my situation.

Hello BP,I am an investor and Realtor out of KW Classic Properties office and it is great to be apart of this site. I would hope to learn much from you all. Some things that I would like to take away from this site wo...

I'd love to work closely with someone as a project manager (working for peanuts) to turn a building around for massive equity gains just to see how it is done and pad a resume.

I don't have a ton of experience, only one live in flip, I have managed a handful of small construction projects at a previous employer, I managed the entire engineering park project at my current employer which included construction of an 11,000 sqft pad, a 3500 sqft facility with all necessary plumbing and electrical, I also personally designed an managed the installation of our custom chilled water delivery system that is required for certain tests.

Best way to find out ios to call the agent and ask what the circumstances are, and you will then know whether you should make an offer or not.