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Results (10,000+)
Ken M. “Short Sale Queen” indicted in mortgage fraud scheme (Creative Financing Gone Bad)
15 January 2025 | 1 reply
Magistrate Judge Aileen Goldman Durrett on December 4, 2024.According to information presented in court, beginning in 2017, Espinosa, Smith, and Baltazar, along with others, are alleged to have operated a mortgage fraud scheme using various companies, including Short Sale Queen, L.L.C.
Beau Alesi Looking to buy
25 January 2025 | 7 replies
Then plan and design how you're going to deploy that cash via what strategy your wife and you have confidence in.I use a excel or google doc and my first sheet would layout all of the details of the sale including all costs that go into getting closed.
Tuan Tran Section 8 Fort Wayne, IN
15 January 2025 | 7 replies
What the gurus don't tell you is that they are comparing market rents to the GROSS amount of S8 rent on a voucher which INCLUDES LANDORD PAID UTILITIES!
Bryce Jamison Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
In the manufactured home industry, I've heard more complaints about new homes being bought and installed straight from the factory than consumers buying older homes direct from homeowners. 
Bianca Rodrigues Partial Seller Financing Question
15 January 2025 | 6 replies
There may be something called a "Due On Sale" clause.Check and see if all tax parcels are included in one mortgage or if they have separate mortgages.You have to have him spell out what he considers to be a "partial seller financing".
Daniel Amsalem Please help keep northern VA STR-friendly
17 January 2025 | 10 replies
"Phase I included 388 responses with over 1,200 comments and suggestions while Phase II included 141 responses and several hundred more comments and suggestions.
Lisa Oliver Best advice for finding plumbers, handymen
21 January 2025 | 10 replies
I suggest gradually assembling a reliable maintenance team that includes HVAC, plumbing, and other essential services.Tenants are responsible for providing access to the property.
Kevin Robert Highgate New to Bigger pockets - New to Investing
1 January 2025 | 3 replies
Mostly a single ADU added in a single family zone area will add less value than the cost of the hands on addition.Depending on the financing my underwriting with a high LTV (80% LTV) for $200k would be cash neutral at a rent point at about $2200 when allocating for all expenses without including any land value.  
Anirudh Reddy Who can claim interest paid on a seller finance property?
4 February 2025 | 17 replies
I also include the proof of the payments I made on the property and the IRS seems to not be annoyed by this.2.
Brett Coultas New member introduction and host financial question
21 January 2025 | 8 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.