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After attending a webinar last night with Maverick Investor Group, I was connected with a company called America's Housing Alliance out of Utah. There was a property I'm interested in in St. Louis, MO, so I placed a ...
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Hi everyone,I have heard two different things regarding obtaining bank financing for a Multi-Family property (larger than 4 units). One is that the bank will finance you based on the income that the property will gene...
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I am in the process of purchasing an REO property but have now had the closing date moved twice by the bank because of problems with the title. The title company says they cannot insure it due to the bank foreclosi...
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So weird situation, but I was just informed that one of my tenants in my duplex passed away today. She had a 9 year old kid. I guess the police contacted her next of kin in another state to come pick up the kid.Not ...
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If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...
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Hello, I am wondering if anyone out there knows of a service that will pull credit on my borrower. I am working on my first note deal and would like to pull credit on them. As the second liendholder, I believe I do n...
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I haven't bid on a lot of their notes, but every counter they have given has exceeded UPB. Has anyone bought from them? They paint a picture like they regularly get bids above UPB. That puzzles me why someone woul...
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Hello Everyone,I'm new to this forum and new to investing. a little bit about me, i'm 38 years old male married no kids, I currently live in NC and i am looking at diving into Oklahoma housing market but i'm not sure...
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Hey all, I'm about to close on a three family owner occupied dwelling on 01/31/20. My lender has given me 60 days to move into one of the units.
I currently have three tenants each paying about 60% of market value. I...
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Hey Bigger Pockets Family as you guys know I recently purchased a multifamily and I am now going through a situation where It was recently brought to my attention the tenant has been subleasing the other side that I r...