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So I'm buying a personal residence for myself. Came across this house that fit nearly all my parameters but the place needed a lot of work and they were asking more than I qualified for. Passed on it and kept search...
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Tenant finally moved out and haven’t paid rent since August 2020 hiding under the umbrella of CDC moratorium. Went to the property with my vendor to fix it up and was told by neighbors he’s been using my property for ...
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Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
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Good morning BP nation,I have just become aware of the Series LLC, which appears to afford much better asset protection than a standard LLC due to the ability to essentially nest entities within each other. Based off ...
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Long story short:
- This guy, call him "Yao", bought a house for $400k a few years ago
- For whatever reason he wants to get out from under the mortgage but he's been making all his payments. His credit history is b...
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Hi everyone.I would like some suggestions on how I should approach this situation. I have a set of tenants who have been living in my rental for over a year (before I even bought my property) and their lease with me i...
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I'm putting this out there for anyone considering purchasing turnkey from Real Estate Done 4 U (i.e. Michael Drew). I just bought 4 properties from him back in November. Two of them had issues. One of them had a tenan...
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Has anyone lent to American Private Money Group, FMC Lending who operate out of Burlingame, CA? I'm considering lending to them for RE deals and would like to know if anyone has had any dealings with them. If so, how ...