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Has anyone done a reverse 1031 exchange, esp in CA? Do you have any advice for someone who intends to complete this type of exchange and a company that would do this? It's hard to buy homes in the bay area, so that's...
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Hey everyone. I have a motivated seller lead that I'm working right now that involves a reverse mortgage. According to the seller there is still about 280K owed on it. I'm a new wholesaler and I'm not sure what my due...
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I have three properties currently in escrow, and just listed a property for sale. Here are the facts:Properties in Escrow (all in St. Louis)4 family - $349K (Closes March 22nd)4 family - $310K (Closes March 29th)4 fa...
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Just started reading up on creative ways of controlling properties, and owner-financing sounds a lot like reverse mortgages to me. In that the goal is to find someone with a lot of equity, or full ownership and pay th...
I have a rental condo that has just been voted to be deconverted, so the building is being bought out. The closing will not take place for at least another 60 days since the new owners are doing their due diligence...
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I have a deal where the owner is 92 yr/o. her children are 65-58 then there are 1 or 2 grands. the owners including kids really like me and want me to buy the house. I can't qualify for the financing it needs. home ne...
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ok i have read a few posts on here that if someone inherits a property with a reverse mortgage on it they can sell it even with negative equity and FHA makes up the difference.
Is this true?
Heres my situation.. a l...
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Hi everyone! I am in contact with a friend whose deceased uncle owned a property that has a reverse mortgage from 2009 for $258,000. I'm trying to find out if this deal is even worth spending time on. Is anyone famili...
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Hey guys!I have a client I've been building rapport with, she's 79, has a pressure point of wanting to sell her home, late April, if possible. The comps for her home are 500K, with the latest one being sold in 2015(!)...
My brother inherited a property from my grandfather, but it has a 210k reverse mortgage lien against it. It has a value of 360K. My brother has expressed interest in keeping the property, but he has credit issu...