Tom Perry
Fannie Mae properties
Can a Buyer have more than one active submitted offers on more than one property at the same time?
Allen Fletcher
Stuck with A Home that will not Sell
Purchase Price: $ $265,000Equity: $18,000Current Appraised Value: $280,000Square Footage: 2150Mortgage Payment: $1,745Property Taxes: $449.14Insurance: $44.17Current Monthly Rent: $1,250Backstory: I was forced to move...
Casey Barrus
Cash For Foreclosure Purchase - Hard Money
One of the tips for getting a bank to accept your offer on a foreclosure is if you bring cash, they are more likely to accept. My question is whether hard money counts as cash in that instance. My hard money lend...
Clifton Jones
CitiFinancial 2nd Mortgage
We have a property that has both a 1st and 2nd mortgage on it. We have offered $32,025 on the property, with the 1st receiving $29,275 and the 2nd getting $2,750.
The 1st mortgage is with American General Finance ...
Samantha Kincaid
Bank Account per Property?
Should we set up one checking account per property?My husband and I purchased our small single family a few years ago. We are in the process of purchasing a duplex with additional rented storage space where we will mo...
Gary Dezoysa
Is some of your fire insurance a waste?
Experienced real estate investor John Schaub says that paying for a full fire insurance policy is a waste, because you never get a full payout. He says to shop around for a policy that will allow insuring 50% of a pro...
Don Nelson
Help in analysis of multi-family
Hey Multi-fam BP'ers...I had a deal that looked pretty good on paper until the seller disclosed they pay for all utilities. That really messed up the plan. The actual numbers are below. So my question is this...how ...
Jake Carter
My Short Sale Experience with WaMu/Ocwen
Hi all,
I am in the process of a short sale on my home here in CA. I started keeping a log of what has happened so far and thought it might benefit others if I share what happens. So I googled for a short sale/forecl...
Kim Handelman
I know a house is going to foreclosure-How do I get it?
HI Everyone,I've had my eye on a property to live-in flip for awhile (it's been an over-priced short sale and the agent said the bank wouldn't budge on price). The owner passed away a few weeks ago and I just found ou...
Michael Brian david
TAX SEASON! - RE & INVESTOR FRIENDLY TAX ACCOUNTANT REFERALS PLS
Hello BP!!So with the motivation and studying for over a year into investing, I got my feet wet with a duplex in Ft. Lauderdale purchased in July of 2021.Now it's time to maximize those deductions and get some cost se...