Blake Grzybowski
Can't find Pre-Foreclosure Properties
I am a wholesaler in Michigan and would like to start reaching out to potential sellers who are in the pre-foreclosure process. I can't seem to find any info to get a list of all of the pre-foreclosure properties (at ...
Matthew Charron
Purchasing Coaching, Scripts, Etc...
Hello fellow BP members,I am in my first year as a Realtor. My broker has provided additional training coming on board, as well as providing me with a mentor. I regularly try to read blogs, and watch YouTube videos, f...
Edward Adams
Subject To deal analysis - Heloc 2nd creditor position is high
I'm analyzing a pre-fore/subj to and the 1st mortgage (balance due) is not too onerous. 2nd creditor in line (Heloc) balance is very high. I'm not sure how to proceed with Heloc creditor in terms of negotiating with...
David Sabine
Possible first rental. Owner financing...fell into my lap
Hello BP,Had this possibly fall in my lap and I'm looking for guidance on next steps. Quick background, I’m still very new to REI. I haven’t yet purchased any property, I’m still in self education stage. Today I was t...
Justin S.
Notes and Unicorns
1. Can I call up the bank (like Chase, B of A, WF) ask to speak to some person who is in charge of the notes and ask to buy one? The note would be several months late and most likely in a pre-foreclosure status.
...
Aaron Briggs
2-4 unit with 3-4% down with LPMI
Wife and I decided we want to ‘house hack’ (owner-occupied multiunit) our first home purchase. We have 800 FICOs combined gross income $150k. We know very, very little about RE but have read a few forums, the Ultimate...
Paul Cordero
What are your thoughts on Condo Conversions?
I would like to get some feedback on this investment pitch that was given to me a few days ago. A developer has done a condo conversion in a very prestigous area of Phoenix. They didn't skimp on these converstions, ...
Michael Friend
Rental Pay Off
My wife and I are in our mid-50s and earn a combined gross income of $193,000. We are planning a move to a southern state within the year. We currently own two homes with mortgages – a rental property and our personal...
Rachel K Reiman
Good Deal/Not so good deal?
I have what I think is a great opportunity in a fantastic established neighborhood to purchase a home and I already have three people who would move in as soon as I say it's ready to rent it for about 2100-2200. Li...
Christopher G.
42% ROI: What am I missing???
Hey there, so I'm in negotiations with a seller of 3 condos for $105K. These are my numbers below...this is a 10 year balloon at 6% interest amortized over 30 years. At the end of 10 years I'd owe $80K (which I'll p...