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First of all this house is in foreclosure in FL and is going to sale This Dec 7th so not much time. Loan is 101k not sure about the back payments yet. Prob about 2 years behind. Also an IRS tax lien most likely attach...
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First off, I have already contacted my CPA and am waiting to hear back, but thought I'd ask this crowd to see if there is anything to add-My group plans to sell off some rental properties over the next few years - the...
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How can I stop a property from being auctioned, then submit a short sale package to the bank? If I could, how many days from the action date must this take place? I know I can buy a property cash within 5 days from th...
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Hi All!I just moved out of a house hack (duplex) that I lived in for over 2 years. Since I purchased it, it has appreciated by about $80,000.
I learned that if you have owned and occupied your property for at least 2...
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We were about to get a closing date for a deal on a side by side rental in southeast Michigan, when we found out that the owner was in the eviction process with one of the tenants. They havent paid since November, and...
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Hi BP community, I am following up some Pre-foreclosure leads and would like to know how long roughly it takes to transact a "subject to" agreement. I know it is generally quicker than going out and getting a loan, bu...
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I was set to close on my first home today. Last night, the tenants on the other side (duplex) caught the fireplace ablaze and caused substantial damage to their side of the house. The inspection report stated the fire...
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Hi all-
The plot thickens and as I am waiting for a reply from my lawyer, I thought I would see if anyone has knowledge of this issue.
Today, I found out that my horrible tenant is keeping someone at the house on ho...
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Dear BP Pro's - I'm interested in hearing about how investors are finding deals, especially those who are doing high end flips and building on spec and are located in the South Florida / Palm Beach County area. (Delra...
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Hi All, yes another newbie only one rental in! I need some advise. I have been binge watching podcasts on BP and have found a single family home close to me that I researched. The following is what I have found. F...