Karen Van wyk
i need advise
Hello...i found an ad for a JV on craigslist from someone who lives near me and this will be my first RE transaction where i will bring the funds and he will bring the deals. I was cautioned against finding someone on...
David Bellmont
Help with first REI deal
My wife and I have been approached by her parents about purchasing the house that she grew up in and that we live in currently. The property itself has an older two family building on the lot and then a newer duplex a...
Account Closed
Desperately need advice on Auction property / Mortgage
Hey everyone!Thank you in advance for helping me get out of this tough spot. -Property was listed as a short sale prior to auction and under contract for 133k by someone else-Bought a property at auction last week (HO...
Tremaine Daughtry
Deal or no Deal on a SFH property that has bad foundation ,Help!!
Hey you guys! I'm new to bigger pockets and new to realestate investing and I have a Question about foundation, I have a property under contract right now that's in a great area and it has a great Arv and a low price ...
Patrick McNeill
Strategic Default and Rentals
I have a friend (we'll call him Joe) who is considering doing a strategic default on his home.
Although it's a struggle, he makes enough to pay his mortgage. But his house has gone down considerably in value and he o...
Account Closed
Step by Step for Documenting Seller Financing
Forgive me ahead of time for any seemingly obvious questions that I ask about this topic. I am unclear of the steps that need to be taken in order to legally take possession of a property through seller financing. I u...
Alex Smith
Banking and Book Keeping for Rentals
Hi guys!!!We are about 2.5 years in on our buy and hold RE journey and currently under contract on units 5 & 6!!! When we bought our first 2 units (a duplex) I opened a checking account and 2 savings accounts for ...
Darren R.
Seller adjustments to do cashback or no money down deals
Hi,
I'm sure I'm not the first but was wondering if anyone has had any luck and/or problems with the following:
If I find a multi-family that with 100% financing would yield a 15% debt coverage ratio, but believe th...
Gregory Cottarel
How? -- Transfer Ownership To LLC (Triggering Due On Sale Clause)
Hello BiggerPockets Family,
Myself and 3 buddies recently purchased a duplex in Cheyenne, Wyoming as a buy-and-hold investment.
The property is currently owned by us 4 personally.
We would like to transfer the own...
Asher Anthes
Old house with Land
Okay so I'm looking to buy this house owner occupied, and then rent out my current house.
It is a forclosure owned by a small bank. It has 11.5 acres, a pond, almost 4000 square feet. It needs a good bit of work th...