Zack Zimet
Loan on JVA deal went bad, am I about to make another bad call?
Hi all. Here's my situation. I did a private loan as a JVA with a rehabber who used a hard money loan for the primary funds and my loan for the remainder and rehab costs. Only the hard money lender has a mortgage on...
Rich Tenor
Sub 2 Deal
Currently have a Sub 2 Deal in Burford, GA 30 mins from Atlanta. Unfortunately deal does not have any equity or cash flowing. Direct to seller.Purchase price 325,000
PITI 2,251.00
(Monthly payment Breakdown)
Prin...
Donnie M.
Unsecured PLOC that is cash out refinanced into conventional
I tried searching BP and google for a direct answer but could not find an answer about unsecured lines of credit. I plan on buying on 26k property using my Private Line of Credit (PLOC) from my bank and it will appra...
N/A N/A
re: Interest Only Loans
I recently attended a "Financial Planning" class at my job. Someone asked about the "Interest Only Loans". The instructor said "NO, NO NO". I was wondering why. He didn't get into it he just said it's only good if you...
Corbin Lane
Does Principal Reduction affect Capital Gains calculation?
During the 08 crisis I qualified for a HAMP loan mod that included a large principal reduction as my home was 50% below purchase price. I also had filed bankruptcy around the same time, and later found out that the le...
David Kanarek
Norada Caveat Emptor My Fellow Small Investors, Norada Capital Suspends Payments !!!
In 2023, I invested in some Norada Capital Management 7 year Promissory Notes and last week less than one year after signing the last note, I receive a "form" email addressed to "Valued Investor", dated June 20th, 202...
Louis Zahler
HELOC VS Cash Out REFI - For my situation
Hi guys! I need help!! This is longwinded, but here it goes... I am trying to get my funds up to invest in our first real estate deal and am having a tough time making a decision on whether to do a Heloc or cash Refi....
Dennis Hempler
Dispute with property manager after sale of property
I just sold my investment property to a non-tenant third party. My property manager is now claiming that he is entitled to 3% of the sale and is withholding my finale rents and money owed me as partial payment. He is ...
Dave S.
Seller in seller finance deal worries about capital gains
The situation is as such,
Seller owes house free and clear
Seller is offering me 100% seller financing
I'm going through an attorney to get the mortgage note and all paperwork together.
Will the seller be responsibl...
Account Closed
Should I refinance my rental home to increase cash flow
I have a rental property that’s is valued at $85,000 and owe $58,000 on. I have a 30 year loan with quicken loan at a 5.625 interest rate. I currently pay $800( principal and interest, tax, insurance, and pmi) for my ...