Robin McMullen
Seller financing, how to avoid early payoff?
My mother is selling a mobile home on a lot to her neighbor and is offering seller financing (California). The agreed upon purchase price of the property is $150,000 with $10,000 down. She would like to have a monthly...
Alan Langer
Real estate Deal with Tax lien
Hi,
I found a distressed seller who wants to get rid of his property.
His house appraised around 500k but the market value is more towards 440k
He owes the bank 410k and there is a 15k Tax lien on the house. The hous...
Mark B
Cold-calling / Cold-mailing Specific Questions
Hi everyone. I'm getting ready to send out some letters to property owners and I have some specific questions that I would appreciate your feedback on.
Up to now, I have identified my target area and property type...
Josh Norris
Lending to property owners in tax foreclosure
Is anyone lending money to home owners that are about to lose their home to tax foreclosure and using the property as collateral should they not pay it back? Is this legal in respect to the safe act? I currently mar...
Jack Gilmore
Why am I on the title for my parents property?
Hi all!Big BP follower but just creating an account now because I haven't found an answer on here yet.My parents are selling their home and are asking me to transfer the power of attorney over to them, provide SSN for...
Bryan Conwell
Disagreement with partner
Hello all! This morning I ran into an issue with my partner. He seems to think it is acceptable to tell a potential buyer that I cant place an ARV on a property. My counter is that there is always and ARV and should...
Ruth Blue
Staying rented through boom of Recession worries - GSMNP
Hi All,I'm curious what your strategy has been to stay as well rented as possible during this change in guest demand? I know we have been making an effort in almost every way possible, including: Listing updates, Prop...
Neil C.
Incorporating Costs
Hey guys - I am starting out with REI, and I wanted to know the average costs for incorporating in California. Any one know the good/bad prices, and any recommendations of places I can go to get this done?
Thanks ...
Larry Miller
Buying a house using HELOC? Timing?
I am looking at using a Home Equity Line Of Credit (HELOC) to buy a house in San Antonio but I am new and don't know how the timing will work. I know you can get pre-approved for a typical mortgage and use that pre-ap...
Bryan Ellis
Short sale purchase from an estate
Does anyone have any experience in dealing with short sales from an estate. I have tended to ignore them but there are several coming up in this area that I'd like to look at. A few questions come to mind
1. First...