Tiffany Hayden
Selling an underwater house using a land contract
I posted the other day about renting out my primary residence. I've been reading through the forums and thought that selling the house on a land contract might be an idea to consider. I don't know very much about land...
Sean B.
What to do with a serious underwater property...
Trying to find a creative solution for my rental investment. I bought the property at the height of the market to fix& flip and wound up becoming a landlord. The property is now about $120k underwater on a $260k...
Melvin Muckeray
renting
I am currently in talks with a landlord. He has agreed to do a lease option agreement with me. Once I have the home under contract I was going to rent it out to another tenant. I was wondering if I could rent the p...
Melissa Murphy
Fix and flip with a long term hold
Investment Info:Small multi-family (2-4 units) buy & hold investment.
Purchase price: $175,000 Cash invested: $62,000Large corner lot in a desirable location with multi family zoning. Bought at the peak of...
Majid Tahir
Should I sell or hold?
First of all I've just discovered the wealth of information here on BiggerPockets and its really exciting. I never knew before where to go with some of my questions, but it looks like this forum is a great resource.I...
Shawn S.
Swimming with Bigger Pockets
@Joshua Dorkin
I tried to include Brandon on here too and was unable to, but I wanted you guys to know something. I have had some ankle issues for about a year now making running, etc hard. So I got back in...
Brandon Sturgill
Guaranteeing Sellers Exit by Offering Inflated Purchase Price
I have a seller-finaced duplex that I am negotiating currently. Sellers are generally good on mortgage/note terms, but are seeking more security. I am ok offering a purchase price slightly higher to compensate for the...
Charles Granja
Does an underwater mortgage stop me from purchasing real estate?
Hello,I have a question on a scenario:From what I am aware on QM loans, what matters is my credit score (history of paying debt service), my income (W2/DTI), my rental property income (2-years), and cash reserves. Let...
Mindy Pearmon
Purchasing 2nd house
Good Afternoon Everyone!I have a question or 10, please bare with me. I live in Baltimore and purchased my house in 2007 when the market was up. I am currently about 20k underwater. My solution is this...purchase...
Ibrahim Hughes
Can I Do A Short Sale With Just A Quit Claim Deed?
hi everyone. I have a property owner who just wants to deed me his property for a fee and have me do the short sale without his involvement at all. Are banks open to such Arrangements? Anything I need to look out for?