Investment Info:
Single-family residence fix & flip investment in Covington.
Purchase price: $88,000
Cash invested: $46,000
Sale price: $179,500
This was the first flip for me and my wif...
Please note I am not asking to name names...just recent experience.It used to be 20% down was common for investment property. Is anyone finding 80% purchases these days? Normal conventional. Not at 12%.... Just wo...
Do you continue direct mailing during all that current virus situation? Especially finding motivated sellers in preforeclosure.Do you get less responses than 2-3 months ago?
Hello BiggerPockets! Long-time reader, first time poster. I accepted Brandon’s 90-day challenge and closed on my first owner-occupied 4-unit property earlier this month and I’m moving in this weekend. We decided to ho...
A condo HOA where we have a number of units and where I sit on the board is being told by our accountant that we owe tax on the profit on the sale of a unit owned by the Association. The Association has owned it for ...
I am wanting to purchase the loan directly from PHH at a discount given the state of the mortgage and financial crisis coming for that particular part of Texas. I would then go to the current owners with a cash offer ...
Isn't it ironic how the one time borrowers got a 'leg up' in the form ridiculously low interest rate mortgages that those same 'assets' are partially what is behind the collapse of several significant US banks and bey...
I'm trying to figure out how to best communicate with my tenants regarding this difficult time of the corona virus.I'd like to be sensitive to what's going on, but I also want to be able to cover my mortgages, bills e...
So I spoke with a loan officer at a regional bank last week about a conforming mortgage on a two unit. I own the property outright and was looking to get a mortgage on it. She said that they grant the loan to LLCs all...
Greetings,Have anyone seen this film? My husband and I watched it and it was a good film. It basically gives a history lesson on what took place with the financial crisis over mortgages in 07/08. We are new to the rea...