Jeff Ju
Request for a payoff and reconveyance
Hi all - I did a search here but couldn't find a consistent answer. Hoping for one here. Situation: This is my first time lending money. It is a first position note for 12 months to a borrower who paid 6 months of int...
Carrie Giordano
Cost of cashing out -Brrrr
I'm going over my options to cash out on two properties. I spoke with a few local lenders today and was a bit surprised at the cost to refinance. I would love other people's opinion on the current going rates. The len...
Kirk B
Dirty Little Secret?
I am trying to find a study with data on the operating expense ratio for residential real estate, and hopefully something that applies to my area. I want to use the data to prove this ratio to my real estate agent. He...
Medriand Arnold
Closing at end of month, tenant pays on the first
Hello BP family,I closed on a duplex at the end of December. The home is fully occupied and the tenants were made aware that the home was being sold. One of the tenants has already paid for December, but the other one...
Jordan Johnson
Trouble with down payment and closing costs
My fiancé and I are buying our first house that will be our primary residence for a couple years then we will rent it. We negotiated with the seller and got the price where we needed it and we have been super excited....
William Smith
Does the winner of a tax lien need to send notice to property owner ?
Saw this on a post about tax liens in Lousiana?"In addition, after the tax sale, the Tax Purchaser must provide an additional written notice, to all of the Notice Parties, of the fact that the property has been sold t...
Joshua Lindsey
Wholesaling a Pre-Foreclosure? (Am I Doing This Right?)
Pre-Foreclosures are a niche in my market because there are so many of them. It's a perfect scenario for motivated sellers as they're already in a desperate situation most of the time...I've learned a lot from BiggerP...
Kendall Young
Pre-forclosure
Hey BP ... Was wondering are owners able to sell a home in pre-foreclosure and is that common?
Sam Leon
Does your financial screening rule change IF the tenant offers to prepaid the entire lease?
I had an applicant called me a few days ago asking about a 1/1 unit I had for rent, I told her that it was just rented.She asked for how much, I said $1000 a month,but since I have already rented the place and signed ...
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Real Estate Virgins
My husband and my self are virgins at the real estate game. We have 7 children and are looking for a way to better our income and lifestyle for our children. We have a money backer ( if you would call it that). I g...