Ok so let's say I buy a a non-performing note for 30 cents on the dollar and I know that the area is someplace relatively depressed like say Detroit.Let's say that the balance was $30k and the property is worth half t...

Hello Everyone,

I need some advice. I was just preapproved for a FHA or Conventional Mortgage through BOA. The mortgage amount is 130k and up to 275k. The bank rep told me I needed to show proof funds in the amount o...

I have a friend that owns a vacant rental home that she hasn't made a payment in years on and is in foreclosure status.  As her real estate agent, I've attempted to work with her and the bank to short sell it.  We've ...

Negative equity mortgage. One of my close friends has a negative equity mortgage for a property in Florida. The mortgage has passed through several lenders and is now with Shell point mortgage, the homeowner wants to ...

I bought a triplex recently which was managed by the landlord. He had lease with the tenants under his LLC. Can I use the lease he had after making modifications in the original lease.

Please only California investors or those with specific knowledge of California laws answer:I have been researching what requirements and laws that exist in California surrounding purchasing homes from owners in "pre-...

I realize this is a broad question, but I'd be interested in hearing about note investor's experiences with this phenomenon and how often it happens, and what the strategies are to get the borrower back to performing.

Hi everyone, my name is Alberto and I am a new wholesaler in California. I am currently learning and actively taking steps to begin finding profitable deals for all parties.I have taken the first steps to find cash bu...

Hi all I have a few questions and hope you can help me along the way. I own a 2 story house in South Philly and it’s fully gutted. I am putting a 3rd floor on and already have my zoning permits and waiting on construc...

Short Sales Plan closer to finalization

According to a US Treasury spokeswoman, The Treasury will soon finalize the long awaited plan to expand its incentives for mortgage companies to use "short sales" as a way to s...