Michael Vaughn
Buying a note in the middle of a trial payment plan
I'm currently in the due diligence of a note, perceived as non performing but as I started to inspect the file I have noticed the current loan services company has reached a 3 payments trial payment plan agreement wit...
Brian Gibbons
News from CFPB re: Foreclosures and Pre Foreclosures
CONSUMER FINANCIAL PROTECTION BUREAU EXPANDS FORECLOSURE PROTECTIONSUpdated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original BorrowersWashington, D.C. – The Consu...
Nathan Mount
FHA Financing question
I want to try to secure an FHA Loan for a house hack, multi unit home in Chicago. Ideally a 3 flat, with at least 3 units, but 4 would be better for cash flow, obviously. These are not cheap.I made really good incom...
Jacob Hollen
Selling owner occupant Fannie Mae property before 1 year
Hi i had bought a Fannie Mae homepath (owner occ.) property with the intention of BRRRR’ing it and ended up getting a lucrative job offer on the other side of the country and it would be more convenient to just sell i...
Anais Gimeno
Transitioning My Real Estate Career from the Philippines to California
I'm a licensed real estate broker in the Philippines, and I will be moving to California next year. I have the credentials and licenses to demonstrate my qualifications and standing, but I am unsure how to start my jo...
Zachary Freeman
Complications converting 4 unit into 6 unit Inglewood, CA
Hi,I own a multifamily property in Inglewood, CA. It was originally built as a 6 unit ( 6x 2br) in the 1960s. In the late 80's the owner converted it into 4 units (2x2br 2x5br) in order to get a conventional loan refi...
Account Closed
Tax Assessment Question
A friend of mine came to me with a dilemma. This is a new one to me so I figured I would ask the group. My friend had outright owned some property in Southern California and in '99 sold it to someone providing the b...
Samuel Barika
New Real Estate Investor Introduction
Hey everyone, my name is Samuel. I'm a 22 year old aspiring real estate investor, ready to start my journey on here and soak up as much information as I can, so I can apply it, fail, learn and continue tweaking my str...
Tyler Burlison
What to do with gains from rehab/flip
Hi everyone,
From what I understand about short-term real estate gains, a way to avoid them is to buy another and do a 1031. Are there other ways to shelter the gains from tax? The amount will be between $30-40k in g...
Amber Landry
Commercial Permit & Inspections
Hi guys... we purchased a commercial building and already moved a few walls and added a few electrical outlets... my question is NOW after we realized that we need the Certificate of Occupancy what is the best route t...