Joe Gravelle
Advice on terms for hard money lenders who are family
28 March 2015 | 3 replies
If your hard money is costing you 15-20% and your relative is willing to lend at 10% there is no need to offer more.
Tony F.
California seller financed forclosure process
17 November 2019 | 7 replies
rdeLocaleAttr=enI'm expecting an inheritance in the next couple of years (in probate - I swear, if you want to get revenge on your relatives, leave a bunch of money and no will) and am researching buying cheap homes for cash and selling them with owner-financing.
Account Closed
In CA if I owner carry, what happens if the house is destroyed?
19 November 2019 | 2 replies
I expect to come into some inheritance money in the next couple of years (it's in probate hell right now - if you want to get revenge on your relatives, leave a bunch of money and no will, and 7 heirs to fight over it).My background is in property management, and initially, I was thinking about buying a cheap rental, paying cash.
Jing Tagle
How to raise rents....
9 August 2016 | 7 replies
@Jing Tagle Well, let's just look at what they got from your relative just last year
Mitch Kenney
BOA short sale...Seller not in arrears
18 November 2009 | 14 replies
Technically, your relation to him may disqualify you, so do some research and call local title companies just to be sure.Good luck!
Account Closed
Who likes puzzles? Help me piece together a deal.
29 April 2019 | 5 replies
Is the main reason you are interested in this property because it will help your relative with their tax situation?
Arron Robertson
Called about a duplex, got offered a portfolio...
24 June 2018 | 10 replies
Your relative should have the instinct to know if he is playing his game.
David K.
Conventional Mortgage is about to end - what is next?
18 December 2017 | 15 replies
I have been actively listening to BP podcasts and reading and there are a few options but i am still unclear.It is much more evident what to do if you are into BRRRR, because then you have an option to seek the short term private loan or even borrow against the credit card or your relatives.
Jack Johnson
closing first property with tenants already in place - now what?
12 July 2016 | 5 replies
Not that you would be a jerk landlord, but even if you're pleasant, you are better off keeping your relative position of power as their landlord.Then, just send them notification that the property has been sold to you and where they are now to send their rent.
Steve S.
How to manage expenses paid for on my behalf by someone else?
20 August 2016 | 3 replies
So, if you have the receipts paid for by your relative, and proof you sent the relative money to reimburse them, you have an acceptable paper trail, in my opinion.