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I’m a super newbie. I heard on the podcast a couple times of some people who bought a house with cash, no mortgage at all, and used the BRRR method. I don’t understand how you can refinance a house that has no mortg...
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My tenant has accrued a large sewer bill that I will have to pay if she does not. In addition she has lost her job and I doubt he will be able to pay April rent. She is paid up for March. If I serve eviction papers...
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Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
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Hello, I recently spoke with an investor/seller, who has a 4 plex in the Petersburg area.He offered $1500 for the note to take over and I would secure the Deed of Trust. The property is still in the owner name. He adv...
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For the experienced mortgage note buyer....My question has two parts:1.If I am purchasing a non-performing note do I add the arrears as fees to collect from owner when modifying the original note?Just a scenario:last ...
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Hi BP community -I am looking at an opportunity to purchase 6 small houses in a small community in northwest area of central Texas. They are relatively inexpensive from 40k - 80k. Would a portfolio loan be used to b...
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My realtor is asking for the following information when I told her I would like to put an all cash offer in on a property. “proof of funds, the legal name you want the title in, how much earnest deposit you’d like to ...
Hi,I'm trying to get a handle on what my options are once I reach 10 financed properties. At that point it's into the commercial lending business; is every loan there on out 30% down, 5 yr adjusting rate? There must b...
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Do I need to order an appraisal when the seller is financing the park?
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Can the property heirs continue the HELOC? Do they need to qualify for the debt?