John Horner
subject to assignment risk
24 February 2014 | 26 replies
I am not aware of the buyers goal, but I doubt it would be to send the owner to foreclosure.ARV $90k-$100k.Currently owes $82.5k.$5k in repair (paint and flooring)30 yr loan has 19 years left and is he tells me it is at 2.85%.Owners all in payment is $920/month and rent is in the $1050-$1100 range.I originally set this up for a lease option, but the fact that it isn't move in ready is discouraging buyers.
Marc Pfleger
Protecting my money in a rehab partnership
11 February 2014 | 27 replies
You can't add in the what could have been in the balance owing in a foreclosure.
Tim Mensch
Spokeo and other similar sites
9 December 2013 | 1 reply
Also, how do i get information on liens, unpaid taxes, and how much is owed on the house?
Ezgi T
Subject-to
20 September 2019 | 11 replies
I do hold my longer term but pay all the extra cash flow towards the principal to pay them down quickly.
Sherrie P.
Should I Pay Cash, Sell Stocks or Pass on this Real Estate Deal?
18 December 2013 | 26 replies
You can withdrawl the principal amount with no taxes.
Scott Avidon
New investor's first potential deal - Need advice!
11 December 2013 | 7 replies
@Scott Avidon If the aesthetics are odd(weird layout or something), there is major highway construction coming, they owe $70K, there are $88K in liens, and it needs to be rehabbed with loose ARV's coming in at $245K, there is not much room for profit, and a lot of negatives.Let's say your ARV is off by 10% since the comps are not exactly right.
Jared Crain
Buying short sale pre foreclosure
16 December 2013 | 2 replies
The amount owed is irrelevant, the bank will be looking for something near FMV.
Jesus Villarreal
Best financing options for buy and hold /wholesale flips
11 December 2013 | 7 replies
I have a free and clear rental that I pulled a heloc in the amount of 18,500 I owe 7k on and the prop is worth 80k.
Darrell Shepherd
Is anyone doing anything similar to Ron Legrand's new ACTs thing?
20 December 2013 | 3 replies
Pretty sure I could pull that off with what I already know and see the win/win/win in it.I just got off the phone with a pretty motivated seller that owes about what the house is worth (retail) and cant afford the repairs needed or payments on a vacant house.