Brigham Pyron
Buying a Defaulted Mortgage to Fix & Flip
I have just found a guy who sold an inherited home with owner financing. The new owner stopped paying some years ago. The now mortgage holder has agreed to sell me the mortgage which I would foreclose then fix/flip....
Erin Abernethy
Attorneys to close sub-to, contract assignments, seller finance deals, etc.
Met with an Asheville, NC attorney today to establish a potential relationship for future closings. When we mentioned the various types of transactions we might be bringing, this attorney proceeded to condescend to m...
Stone Cyrus
Your opinion’s on VA's and VA Companies
Fellow RE Investors, I want to source opinions from investors who have used VAs or hired from VA companies in the past. What elements or services are important to YOU when it comes to a VA company? What are some downf...
Account Closed
Commercial Lending Net Worth Requirment
I've been doing research on commercial loans and I'm trying to figure out if I'm going to hit a snag in the future.
Hypothetical Situation:
1. Pay cash for an underperforming commercial multi family building (5 un...
Patrick Britton
Looking for feedback from clients of FAY SERVICING
If you've had any experience with FAY SERVICING can you please send me a private message?
Chris Ha
New to Multifamily Loan Qualification
Hi there!I'm new to multifamily and am looking to understand what sort of loans I will qualify for when trying to purchase a 16+ unit. I understand I'm most likely looking at 25% down with 6 months of PITI reserves.My...
Maria P.
Is paying off student loans first always best?
This question is asked frequently, but I'm wondering if the same applies when it comes to having student loans under income based repayment when you work in public service. I am currently paying under $470 a month on ...
Andrew C.
what do you use to track FixedAssets for depreciation/amortization?
I'm using Quickbooks to track overall finances. So I have a FixedAssets account in the chart of accounts, but that's not really usable for tracking the per-item depreciation...there's no entry for when it was placed i...
NA NA
Notes details
Hi guys have a couple of qns about notesHeard about notes but what are the ways to go about doing them?Would investor allow to issue notes determine the terms and rate for the notes base on the house and investor woul...
Kenny Breeze
Seller Financing Vacant Land Help
My partner and I are looking to seller financing a piece of vacant undeveloped land in Colorado. This is our first vacant land seller finance, so we have a couple of questions.
My questions are:1. Do we need to use a...