Leroy Williams
Short Sale Option
Situation:
Brother owes $143,000 on mortgage
House Value(according to comps) $121,000
Offer Home to lender as a short sale for $100,000 (sister says lender may take/she is a realtor in Atlanta).
I would purchase.
An...
Jake Denning
First Small Multi Family... Help please!
My partner and I are currently working on a triplex but I am having some difficulties justifying everything because of the SOW. The Triplex is in pretty rough shape, there are two units which are stacked (upstairs and...
Account Closed
how to get Private money?
How do I get private money? also after I get the money how do I create a legal mortgage?
Sam Erickson
Hard Money Lenders Math doesn't make sense, Help!
Hi Everyone,
I'm residential rehabber that has completed a couple flips on my own (by living in them) and one with an investor. I'm looking to continue to do them with my investor but also more on my own (I ...
Account Closed
Usury
Assume the usury limit in my state is 10% and that I do not have a license that exempts me from that law. If I loan a rehabber $100k in exchange for a split of the profits when (s)he sells, would a payoff of $120k ($...
Veronica Roye
Seller Financing???
Hi!
I ran across a property that is offering seller financing. I have heard this term a lot here on BP, however I'm not sure how I can and would benefit from such an offer. Apparently you have to qualify for it. I do...
Mindy Jensen
How Do Capital Gains Taxes Work on Seller Financing?
A friend is considering selling a duplex purchased at the bottom of the market. They're not interested in a 1031 Exchange, they want to sell and be done with investment properties.They are not opposed to seller financ...
Eladio P.
Good Strategy for starting out?/Providence Investing/ CRE
Hi BP, my immediate plans aside from purchasing a triplex to live in one unit with Rhode Island Housing were they have a program that finance 100% of loan, is to apply for a few Business credit cards (not linked to my...
Troy B.
How does this deal sound?
I'm looking at buying my first rental and here is the deal I found. It's a two unit duplex that looks to only need cosmetic work for the most part. Only major issue is the electric panel being fuses which I hope to ha...
Yashira Zavala
Interested in buying in Puerto Rico
Hi, My name is Yashira and I'm new in the community. I'm originally born and raised in the beautiful warm island of Puerto Rico but moved for graduate studies and stayed in the bitter cold (but beautiful) Wisconsin. I...