I've partnered with my mentor to purchase my first NPN.  The purchase is now complete.   It is a first position note.  I'm very satisfied that the purchase price of the note is around 40% of the current fair market va...

How do you validate PML?

I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...

Hi everyone, We've been thinking through the best way to save for kids college.  We have two kids and have been maxing out our state's 529 plan.  Quinn is a 3 year old boy and has about $18,000 in a 529 account alread...

I've seen a few different views on this and it remains unclear for me, so I offer my apologies in advance if its repetitive.

The brokerage I spoke with about wholesaling said its alright as a realtor if doing REO's ...

Last week I put under contract a real fixer upper. 140 year old all cypress framed ~1250 sq ft. 3/1.

I have it under contract for $16,500. Comparables in the area are selling in the $80-90,000 range, average listin...

I recently had someone tell me that you have to pay transfer taxes when you assign a contract. Is this true?

I've done contract assignments and have never paid any transfer tax. In my mind, there is no transfer of o...

I wanted to share with you a situation that recently came up with one of our rentals regarding service dogs.  Please note we are located in Pennsylvania, though this issue is at a federal level.  The Situation:   Our ...

Hi, I'm in Chicago and am interested in doing lease options. Could anyone offer information for a beginner? Do I need a website right away? What do I need to get started (ie real estate attorney, where do I find contr...

Hi!  I'm posting for a friend who lives in LA.  Her, along with 3 other friends is currently renting a home.  Apparently, the landlord (also the owner of the house), during the negotiation process asked them to write ...