We are trying to settle an estate: 3 siblings want to hold a note for a 4th .
Property is appraised at $360,000
3 siblings will hold a 270,000 5% interest only note with a 5 year 270k balloon.
Ta...
Hi, my wife and I are new to real estate investing and have decided that we are going to take the buy and hold rental property route. we live in Rochester MN and the market is pretty high right now. We were discuss...
I am currently under contract with a distressed seller who has a $30k mortgage on the house. I've never dealt with a seller who owed money on their house. Is she obligated to pay that mortgage off or is my cash-e...
Hey BP’ers!
Has any here ever dealt with this situation before?
I recently purchased two multi-family properties from the same seller in Monroe County, New York closing at different times and funded differently. On...
Financing dilemma - How to qualify for a new primary mortgage when you have rental properties financed?
As you get more rental properties, your income increases, but you still have to deal with DTI ratios. Let's say ...
I have been buying and selling real estate for about fifteen years in several different states. I have had major ups and downs both in spite of and despite the pricing bubble that we experienced. Mine has been a suc...
Hello, everyone! I've been clearing debts, saving, scanning the market, and lurking the BP forums for a while now. And I've found a deal I'm comfortable pursuing. But I need a bit of insight. The home is a 2b1b, in a ...
Just sold house for145k it appraised for exactly that. After closing fees, Commission, I netted $29,400 which the title company screwed up and told me 31k just the day before...annoyed at this point.I bought another ...
I have a home that is worth about what is owed and have been approached by a subject to investor who would be interested in taking over the mortgage. I want to move because the house is too small and no longer meets ...
I am watching a property in auction.com , the property is located in Pa . On auction.com s tithe report , it says grade of the title : d . Title not recorded 90 days , fc judgement 90 days , fc mortgage 90 days , pend...