I need some advice from someone more experienced than myself. I helped my son and his girlfriend purchase a mobile home. He wanted her name on the title so I was listed as a lienholder. We created a contract to spe...
Hi I just went through a stressful 4 month eviction lawsuit over a sub-lessor who was not paying rent.
We're a couple days away from the Sheriff finally coming to lock them out...what a relief.
Anyways I was wonderi...
Classic apology for asking something that I’m sure has been asked before, but I can’t find it so that’s okay. Say a friend is selling you their property. The appraised value is 1,354,000 and he agrees to sell it for 1...
I'm negotiating a deal and have a seller who hasn't paid her 1st or 2nd in 2 1/2 years.
I just got the 1st to accept the buyer's offer. I recently discovered the 2nd (Discover/Morgan Stanley) sent the seller a 1099-...
I am considering a "strategic default" of my condo property in California. I bought it as my primary residence in 2004, but have rented it out for the past two years. I am more than $100K underwater, and do not qualif...
Recently, spoke with mortgage broke to attempt to qualify for my first MFR to 'househack'/rent.
I provided him my general background:
Have 140k student loan debt
37 k annual salary
Credit score of 700+
He said that...
This is my first post in this area. I've been asked by a couple of homeowners that I have approached about what happens to their credit. If the homeowner and buyer arrange a sales prices for less than what is owed a...
I found a mobile home online for $25,000, est. mortgage: $210/mo*, 3 bed 1 bath, only considering the financial prospect, is this a good start for a beginning investor that only makes 368 extra cash a month? (This is...
Just closed on my 4th SFH rental. Each one brings me in $500 a month after all expenses. Thank you everyone here at Biggerpockets for giving me the knowledge ,support, and motivation needed to accomplish my real estat...
I recently attended the Note Expo conference in Dallas which is annual event which provides me a basic snapshot of the landscape for distressed mortgage debt. Although most of the presentations were more operational i...