Looking to hear others' experience and insights - -How to quickly diligence outstanding liabilities (e.g. mortgages) that would not be wiped out by the sale? -Minimum red flag diligence to determine a max bid and co...
Hi from Pennsylvania!
I am looking at a home that is foreclosure and is set to sell at a Sheriff's auction. The title search returned that the property is encumbered at 145K. The owner, who is still on the deed/title...
Hey Bigger Pockets-I wanted to post a summary of my latest note investment since I have been seeing a lot of posts about notes and how to get into them. I will start out by saying there are a lot of experienced note i...
@Steven Hamilton II and @Dmitriy FomichenkoI read some threads recently where the info on basis when purchasing sub2 seemed conflicting. 2 years ago I bought a property subject-to the existing liens of $250K. Then f...
I'm thinking about buying a non performing note for a small multifamily property. Property isn't in an area where I want to manage it, nor would it be practical as it's about three hours away from me.
One of my exi...
Thought the EIDL contract terms for those approved needed its own thread.I was approved and I'm at the signature stage of a loan above $25K. I understand the collateral, but the Requirements for Relative Collateral ar...
So I received my weekly mail this morning through that convenient slot in my door and curiosity made me go pick up that envelope and in that formal letterhead I saw the utilities' company's name in bold letters. Sure...
I have an investment property that has a crap-ton of equity from appreciation, about $250k in equity. My credit union will give me up to $100k in either an investment HELOC or investment equity loan, which I'm plannin...
Good afternoon from sunny Savannah Ga. I have a home owner in Pre-foreclosure. She owes 27k to BB&T and has a HELOC with an outstanding balance of 95k. 32K gets the mortgage and lawyer fees paid off (reason for th...
I have a rental in the same areas as my primary (that house was my primary, that I converted into a rental) , its now worth 850K and is cashflowing around 18k / year after taxes, repairs. no big repairs yet to use the...