I was told that if I purchase a pre-foreclosed property from the owner they have the right to reclaim the property for the price I paid for it within 2 years. Is this correct?

Hello, I’m looking for a few people that have done a prehab to tell me how much they paid to get that done. I’m looking to buy a building in the Chicago area. I plan on doing the lawn, clean the outside and inside of...

Good day all:Has anyone made some pre-foreclosure deals? I was wondering at what period of time throughout the pre-foreclosure option would give the buyer a higher likelihood of purchasing the property? For example, d...

Hello Folks, i am working with a major bank and they have charged me $3024 in Loan Origination Charges for a 250K loan.$1234 = Rate extension lock fee$1357= Prepaids$477 = Appraisals$1095 = loan processing feeThey too...

Hello BPers!My husband and I will have $80,000 to spend on rental investments next year.  We will invest in a buy and hold, in the Memphis area.  I am curious how you would invest $80,000...1. Purchase a home with cas...

Has anyone done delayed financing in Florida? I have talked to quite a few lenders - even some that say they can do delayed financing but everyone says it’s based on the purchase price (without the rehab) - not helpfu...

I have a tenant who paid the entire year's rent. Yep, one year in full. It was one of the tenant's parents who actually paid the money and the tenant gave us a cashiers check. The tenants are in their late 30s.In any ...

Ok, so we have not had much luck submitting offers on houses listed on the MLS. I’m having a hard time adjusting to this competitive market we are in and would like some insight as to how to structure our offers to ge...

The story I am going to post below contains quite a number of rookie mistakes, so feel free to point them out. If you can find over 5 rookie mistakes, you get the prize.  Here it is:
I hired a property manager based...

I came across a property that is in pre-foreclosure that needs some rehabbing on Zillow. The ad states the I need to contact a Pre-forclosure specialist, which I did, so far no reply. I will make contact with another ...