Karin Crompton
How far does "We don't know nuthin' " - i.e. As-Is, Where-Is, No Disclosures - extend?
I realize this may vary by state and by entity, and that in the end it's probably a question for an attorney. Still, I'm interested in hearing some BP members' thoughts.
We had an offer accepted on a bank-own...
Danielle McKahn
How can my real estate investment/development company access nonrecourse loans?
Hello! I have a small real estate development/construction/investment company with four partners. We've been honing in on a pretty good development/investment formula that is working for us where we buy an existing si...
Chris Martin
Unexpected side effect of the JOBS Act of 2012
A lot of people see the potential of the Jumpstart Our Business Startups Act of 2012 to bring capital to small businesses that otherwise wouldn't receive funding. If seems like most people following the bill focused, ...
Joshua Dorkin
Chicago Board of Trade and CNBC Revolt On Stimulus
Great Video and a great rant from Rick Santelli worth a look:
Trader Buzz & Rick's Rant
Michael Rivera
Planning to take a mortgage
Hi,I would like to get some advice regarding buying a home with the help of a mortgage. I have been living in a rented home. Now, my wife and I wish to buy our own condo. I recently changed my job and I have a higher ...
Beau Alesi
Buying Short Sale
Having a contract worked up for a short sale.The proposed value is $425K( if even accepted by bank) and the house is worth about $675 as it and with about $100k put into it roughly $850k.The problem is the house has (...
Bill Gulley
LIBOR RATES MANIPULATED!
Well, they got caught, Barclay, the Bank of England manipulating the interest rate of the London Inner Bank Offer Rate (LIBOR). This is the rate charged for borrowing between banks internationally.
If you have an adj...
Adam Zach
Tenant Buyer Screening Criteria on Lease Options
What have you found to be the most important screening criteria for Tenant-Buyers? This is what we have been using and curious what others think?In my experience most people seeking to find a lease option or contract ...
Ryan Coyne
Start my career in New York?
I live on Long Island, a notoriously overpriced, overcrowded extension of New York. I had 2 failed attempts at buying my first flip last year.1st failed attempt was because I had my mortgage broker wait until 48 hours...
Solomon F.
Resale CO debacle
I am in contract to buy a house from the bank [in ocean county NJ] . There is a tenant in the house that has been there since the original landlord put them in [before subsequently forclosing]. As I am getting close t...