Sandy Uhlmann
What Happens to Second lien if first accepts a DIL?
If a first lien is in default and rather than be foreclosed on, all parties agree to a DIL, is the second lien extinguished as if it had gone through a full foreclosure or does it still exist? If it still exists, I a...
Renee Allen
question about foreclosure
A realtor told me yesterday that you can deed your home back to the lender. Is this possible? How does that work? What would make the lender do that? If the property is worth more than you owe and they think they ...
Zachary N.
Finding Insurance - STR/MTR that is rented room-to-room (3/2 w/attached ADU)
Hi everyone, my name is Zack and this is my first post here. Big fan of the BP podcast and I am an early stage RE investor. The strategy for my wife and I is to buy and hold (rent), and our first home has been a house...
Rahul Sunkavalli
Pursuing First Fix & Flip
Found a REO property that has been sitting around for 120 days and in need of some lite rehab (25k) from walking through it. It is in an area where I would have thought it would have been flipped aready so I am not su...
Jeremy Kuchenbecker
Passive Losses Into Active Losses - Is This Possible??
I've got several properties with the unique advantage of having my father, a 20 year veteran in the property management business, manage them . He works for a property management company that I pay a 10% management fe...
Krista Patrick
Biggest challenge I've come across, I'd love some feedback...
Hopefully I don't get too far into the weeds explaining my dilemma that I lose you, but I'm hoping someone has some expertise they are willing to share.Long story short, my background is community and economic develop...
Alex Knight
Non RE pro tax dedications?
I am interested in becoming a real estate investor but have been advised by my CPA that as a non pro, the tax dedications such as depreciation, losses, etc.
I do have a full time job and so does my spouse.
The 750...
Caryn Seifert
Renters Insurance Notification Letter
Hey BP network!
There have been a lot of forums on Renters Insurance. This is something I am implementing as a requirement (better late than never).😉
In case this is of help for some of you I thought I would share t...
Shari Posey
Help! Does the 2nd lienholder ever say NO?
I'm the listing agent on a short sale. HSBC is the first and approved the short sale in 10 days back in January. Now it's mid-April and Countrywide is still stuck in their quagmire. Supposedly, Countrywide has gotten ...
Grant H.
First multi family property
I am looking into a duplex in a major city in Texas that is listed for ~$300k and has total gross income of $3,100/month (so it meets the 1% rule). Tenants pay their own utilities, except owner covers water. Plan is t...