David Brockes
Looking for some Professional Suggestions
14 January 2008 | 1 reply
Instead, we are now getting moved to another State and have the property to sell in order to try and do anything reasonable at the new location.The area here is very depressed, lots of homes on the market and our place is higher than most and of course we have a high mortgages balance/payment.We recently had a couple come through that might be interested if we can swing a deal for them where they purchase a portion of the property (5 acres), with the house/pond on it for say $210,000; and we could do a land contract on the balance of the land, a little over 11 acres with little down and monthly payments.Their overall goal is to put as little down as possible, using his VA benefit, and I'm not sure they have more to invest anyway.The problem is I'll still end up with a lot of unpaid mortgage to carry with no real way to pay it off; although I guess I could re-fi the overall mortgage which of course will be 50 to 70K for a smaller payment as opposed to having payments based on 260K from the original mortgage.We leave here in 2 weeks and are getting a little nervous about all of this.
Cheryl C.
What are you invested in outside of REI?
18 October 2011 | 26 replies
I guess cash is pretty safe and not that harmful as rates are so low on CD's.My son is re-fiing his condo at 5.25.
Joshua Dorkin
We've got a need for speed . . . BiggerPockets Cuts Load Times Significantly!
23 November 2011 | 19 replies
Difficult for me to tell right now since I'm on a notoriously slow hotel wi-fi.
Travis Elliott
Who is a Full-Time Real Estate Investor?
3 May 2014 | 80 replies
I had no real background in construction (I was a business and comp. sci major with a concentration in econ.) and didn't really know which end of the hammer was useful.
Jason S.
FHFA Bulk REO Rental Program Impact
30 January 2013 | 24 replies
So now Uncle Sam is your landlord as pointed out above, and let's not forget HARP coming soon, re-fi all your GSE or Non-GSE mortgages at todays rates into a GSE loan.Maybe Obama is actually brilliant ( I think its a sovialist ploy not brilliance but stick with me).
Stephen Pitts
New Member Intro
23 February 2013 | 10 replies
Hi my name is Stephen, I am in Columbia SC. I
Steven J.
How should I offer on these Tri plexes?
23 January 2014 | 5 replies
Let the properties season and re-fi into a traditional loan at which point repairs will have been made4.
Frank Fiore Jr
Negative Cash Flow, 2 Family - Advice & Analysis
23 January 2014 | 4 replies
@Frank F. - I
Rick H.
Considering using Adverse Possession (squatter's rights)?
25 January 2014 | 1 reply
Times article:http://www.latimes.com/business/la-fi-house-thieves-20140124,0,309265.story?