Carlos Enriquez
WA State lender won't loan me more than $801,000 due to LTV
Jumping right in, I was told today that I would have to cough up $349,000 DN for a $1,000,000+ 4 plex. 25% would have been $287,500, which would have been easy.So now I'm considering breaking my IRA, cleaning out my...
Mikey C.
Buying a house at a foreclosure auction
Hello, this is my first post here.
There is a foreclosure auction on a 850 square foot house that's appraised at $330k. The land that the house sits on is 50ft by 300ft. The house on one side is nearly 500k and t...
Jesus Perez
Tax Delinquent Wholesale Properties
I am currently searching for properties in my area that have tax delinquent balances but do not have any existing tax liens. It is my goal to find these properties in order to wholesale them and include a clause in th...
Kimberley Mundelius
Question for someone who knows nothing about Real Estate.
I started searching the web in regard to "foreclosure" information. I've been curious about this, because my husband and I were put on a "re-payment" plan last year in 2007 to get our mortgage payment current. At this...
Lydia DeAngelo
Lender Verbiage Legitimate?
Hello, I have been reaching out to some ads I've seen about a loan. We are hoping to find something that will cover us quickly for about $30k at ideally between 3 - 5 year terms, not less than 2. I've gotten some resp...
Anthia Rymer
Loan Originator vs. Bank
After months of researching, I am ready to start investing in a Multifamily! Can someone please share the pros and cons of going to a bank vs a loan originator for a mortgage? I just started to discuss mortgages with ...
Brandon Beaudoin
SoCal HELOC on Primary Residence
Hi BP,I'm trying to line up a HELOC on our primary residence in SoCal and running into a wall. We bought in 2018 and end of this month we'll have owned for a year. Since biying we've put a little sweat equity into t...
Carlos Webel
Set up of first 1031 Exchange
Hi,Although I have several rental properties, this is the first time I will sell one of them in US. I'm selling a Condo in Florida to invest that capital in Houston. The plan is to set this up as a 1031 Exchange. I'm ...
Cameron Ellis
Selling Seller Financed Notes
Is it possible to sell seller financed notes? If so, who would be the buyer of the note and what are the standard guidelines one looks for? i understand this is something a lot of investors do in the Houston market bu...
David Hart
Paperwork - What Form is Required?
Newbie question alert!
Say I've negotiated a selling price with a motivated seller, and the exit strategy is to wholesale the property via a double-close.
Do I use a standard Real Estate Purchase Agree...