Wes Barnes
FIX & FLIP TO SELLER FINANCING
I recently finished with all my renovations and this time decided to Seller Financance, the issue I am having is I have a buyer however I have not reached my 6 month seasoning period to refinance and get out of my Har...
T Handy
SS experts, what would you do here?
I jumped the gun on my latest short sale, and may have shot myself in the foot.
Got the deed, recorded it. Sent the SS pkg to the bank, hardship and numbers were solid. Controlled the BPO, it was favorable. Made a ca...
Lisa Patton
1031
Do anyone know how long you can own a property without paying too much capital gains?
Art Maydan
Mortgage Payment Suspension Credit Impact (Wells Fargo)
I have two mortgages with Wells Fargo - one personal residence and one rental property. I can afford to keep making both payments for the foreseeable future. Does taking them up on the 3-month payment suspension make ...
Jon D.
Cash-Out Refi a Commercial Property?
I own a single tenant commercial property that I bought 15 years ago is now owned free-and-clear. It is in a hot area and has since appreciated 5-6X since I bought it. CAP rates in my area are fairly low (4%) so it is...
Tyler Rusomaroff
Self Storage- Difficult Seller
Hey BP I am running into a problem that I'm sure MANY of have already dealt with. I am looking to purchase a self storage facility but am having a difficult time finding the unit mix. I had to sign an NDA to get the i...
Alex Sarnoff
How to best purchase with a 1031 exchange timeline
We are soon listing our first property for a 1031 exchange. Upon closing, we will have 45 days to identify 3 replacement properties and then 180 days to close on one of those 3.This seems like a concerning setup. What...
Dave Smih
Backing out of contract
OK If you have a REO under contract as a wholesaler and things start to fall apart how can you back out within your inspection period to avoid loosing your earnest money check? what info do you have to provide to the ...
Randal McLeaird
Moving away from SS Flips - where to next?
I've noticed a decrease in the number of people doing ss flips in my town. I spoke with another company out of Austin who negotiates a ton of short sales and they said the same thing. More and more are moving to simpl...
Wayne Sluiter
Can't figure out how to get to the next step
Hello everyone, my name is Wayne, I live in Michigan, and I am a newbie to BP.com.While a newbie here, I do have some experience in the real estate game.I have two SFR condos rentals that are doing quite well at appr...