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First Cash Out Refi Deal
Hello BP, I'm currently working on my first cash-out-refi deal with a portfolio lender. The bank will give me 80% ARV with no seasoning period - just need a valid lease. My private lender is a close friend who is ch...
Zach Hawrot
Using a HELOC instead of refinancing on a BRRRR...
After meeting with my bank, I told them I wanted to refinance my duplex after I made the proper renovations. They advised since the duplex was cheap to start at 25k that it would make better sense to take out a HELOC ...
Danielle DeCormis
Quit Claim Deed to LLC Tax/Legal Question
I am looking to purchase a property that falls under the minimum limit for DSCR but qualifies for a conventional loan. If I purchase this and quit claim deed it to my LLC, who pays the mortgage? Me or my LLC? Does t...
Ruben Ramon
Sample HUD
I'm trying to convince a realtor that doing a double closing isn't illegal. This is also my first shortsale/wholesale deal. Does any one have a sample HUD that I may be able to see so she can see that it has been do...
Sean Dougherty
Question on Wholesaling MLS properties.
There seems to be a conflict of interest considering that once end buyer knows the purchase price, what would keep him from backing out of the deal and then going directly to listing agent thus avoiding the middleman...
David Stefanovic
Online Auctions?
What are people's experience with online auctions, specifically with auction.com? What are some of the things that I need to be aware of when placing a bid on a property that is being auctioned off online? My biggest ...
Arthur C.
Washington DC Utilities Unpaid by Former Owner
Hey Guys,I am getting close to the settlement day acquiring a foreclosed property and something came up in my mind about unpaid utilities at a foreclosed property. Does anyone know if the utilities happen to remain un...
Tiffany H.
Stinky shower in multi-story condo complex
Hi! We have a frequently stinky shower in a condo, usually in the pm. The smell is coming from the drain and we experienced this previously in a detached house. In that case a plumber determined that there was n...
Wendy S.
Incorrect Refinance check
Good day BP Nation.So some of you might remember a whole back I asked for your help to chose between a HELOC and Refi. Based on my time line to sell the property @Chris Mason suggested a HELOC. Unfortunately my lender...
Ally Hill
Subject To Letters without violating SEC licensing laws
Hi BP community. I am looking through public records and planning to reach out to pre-foreclosure homeowners, but I want to be careful in my language since offering help and advice on their foreclosure situation is fe...