Steve Norton
Good reason to do a short sale after filing Bankruptcy.. anyone?
Hey folks here is a question for you!
Can you think of one REALLY GOOD reason why the home owner would want to sell the property via short sale after filing BK? I will have to convince the home owner's bk attorney t...
Quentin Moore
Convert a garage to a bedroom in a short term rental?
I see in many short term rental listings that the garage is being "converted" into a game room. Does anyone have any thoughts on purchasing a 3 BR house and really converting the garage into 1 or 2 additional bedrooms?
Aaron Barber
Who do you use for PM of a short term rental?
Looking at possibly buying a STR. Who do you use for PM of a short term rental? Is it just a regular property manager? I dont want to manage it myself, seems like a crazy hassle. But also would like to know how much m...
AC Cooley
Can owners do a short sale after they have moved out?
Hi,
I found a vacant house in pre-foreclosure. The lender started the foreclosure process in December 2010. The owners moved out and the lender has secured the property and winterized it. The owners has assumed tha...
Ciro LoCascio
After 10 months Ifinally closed on a short sale and now...
Hey everyone, After a long 10 months we finally settled on a short sale last week. Its a townhome 1900sq ft 3bd, 2.5 baths, car garage and finished basement. I ended up paying $89,625 for the home and same homes are ...
Eugene Thompson
Need help! Homeowner probably needs a short sale/deed in lieu
Homeowner with equity in home, who wants to sell property, asked me for a deed in lieu, but I am a wholesaler and I don't know how to talking to a lender to negotiate on his/my behalf.
Home is comped at $1...
Arcinio Arauz
How do I fire my RE agent during a short sale
Hello All,
I put in an offer on a short sale back in Feb for a primary residence . It's now October and we are no further along. I fully understand that a short sale can take a good while and in many cases the bank i...
Devereaux Leget
Buying a short sale home for primary residence not all cash.
Hello, my name is Dev, I am a new to BP. My wife and I have two young kids and we’re looking to get out of our current situation. I want to buy a primary residence first, possibly fixer upper, short sale purchase. Doe...
Andrew Graff
Fears About Using a HELOC to Purchase a Short Term Rental
Good Evening All,
I recently opened up a HELOC on my primary mortgage with the intent to obtain a property in a strong STR market. The plan was to use the HELOC as down payment and renovation fund, then cash out refi...
Brandi Scharrer
Questions around getting multiple loans in a short period of time
Newbie investor here. My questions are more around strategy in getting multiple loans in a short time period.
Here is what I’m looking to do:
I’d like to purchase 2 (maybe 3) SFHs within the next 6 mos. All the ho...