Alex Smotherman
subject to sale?
What are the proper steps to take if you purchase a property subject to and then decide to sell it lease option. Thanks
Michelle C.
Would you rent or sell this property?
I have an investment property in Santa Rosa, CA that I bought in 2009. Loan on the property is for 112k, comps support that it's worth 355k. I did live in it, but it's been a rental for over 3 years and I'm outside th...
Joe Shields
Seeking $300K for Boutique Hotel Downpayment by Feb 9 - Collateral & Equity Offered
I am currently working on acquiring a commercial vacation rental property, which I plan to transform into an 18-suite boutique hotel, complete with a public bar/restaurant and a pool. However, I'm facing a shortfall: ...
Taylor Ernster
MERS and Foreclosures
Hey all,I am looking at a property that is going to the sheriff sale. I'm having a tough time evaluating the O & E report that was provided by the title company. Can anyone help me out with it? 1. Mortgage dated S...
Jeremy Wells
Subject-to property now in foreclosure - opportunity?
I found a condo that was sold by 'John' to 'Bob' in 1998. Bob bought the condo subject-to the existing financing. The loan is still in John's name, deed is now in Bob's name. Bob also took out a HELOC on the property ...
Don Spafford
Secondary lien holder foreclosure
Can a secondary lien holder start a foreclosure process? If I were to loan some money to use toward a down payment while a bank finances the rest, so I am a second or junior lien holder, would I be able to foreclose i...
AJ Wong
BIG HELOC Energy: Why large equity lines can be hard to get and what to do instead
With many seasoned real estate investors locked into low first mortgage rates and large equity positions, many borrowers and investors have been exploring tapping second position loans like home equity lines of credit...
Alvin Grier
How to Determine Min. Investment Amount for Private Investors
We have a few meetings coming up over the next week with some prospective private lenders. Thus, I'm in the midst of putting together the finishing touches on our program.My question, is how do I go about figuring ou...
Brad Jacobson
Creative Ideas for Down Payment
Hey BP Team,I have a client who's currently under contract on multiple properties (all great deals) but is getting into a position where his down payments funds are getting exhausted as he builds his portfolio.Ideally...
George Xu
Do we have to take QBI deduction?
If qualified to take the 20% QBI deduction, do we have to take it? One of my properties has a net loss for the year and opting for QBI deduction actually increases my tax bill. For my other properties with positive ne...