Lam N.
Is this house haunted or what?
We recently ran across a large Victorian house that was foreclosed last month. We went through the house and concluded it would probably take $2K to renovate to where we can rent it out and $5K if we want to make it ...
Jim Goebel
Does pre paying on Mortgage increase our rates?
I just came across this video on WSJ.
What stopped me was seeing that a PRE PAYMENT on a mortgage actually reduces the value of a note/mortgage to the investor on the secondary market.
If this is the case, wouldn't ...
Tinley Jones
NEWBIE Can anyone explain owner financing to me?
Can anyone help explain owner financing to me?I think I understand the general concept. The owner takes the place of the bank. Buyer pays downpayment and monthly payments directly to owner until all debt is paid in fu...
LIA SPRIGGS
PN and NPN
Hello network,I just starting to work with people that sell notes: REOs, NPNs, Commercial etc. Their minimum purchase in REOs is 10 Million and the NPN minimum is 20 Million. What is the best way for me to make sur...
Blair Nye
Wrong end of the foreclosure process! Looking for advice.
I'm an out of state investor living in Tacoma, WA. I own a property in Fayetteville, NC that I bought in January of 2021 and have never missed a payment on. When my PM visited the property this morning they found fore...
Brandon Williams
Note Experts - Advice Needed
I have a property that I sold owner financed in 2017. The buyer approached me about refinancing and I wanted to look at this as an opportunity to restructure the deal to make it more attractive if I want to one day s...
Li Tolentino
Tax consequences for IRA investing in Syndication
What are the tax consequences for investing in syndication project with a self directed IRA? I was told by a IRA company representative that I may need to pay UBIT (unrelated business income tax). Is that true? The pr...
Charles Long
Owner Financing in Houston
Investment Info:Single-family residence other investment in Houston.
Purchase price: $235,000 Cash invested: $5,000Owner finance deal. Landlord retiring, selling a few properties. I represented both sides. Poc...
Klaycon Santos
No inspection situations
I put in a offer on a 4 unit, 6000 square feet apartment, plenty of potential, but to get into this gigantic house without seller hesitation to accept our offer, our agent put in no inspection clause. First I was to e...
Don Konipol
Wrap Around Mortgage Success
We just sold a retail/service center we owned utilizing a wrap around mortgage. We bought the place 4 years ago for about $1.3 million with a $650000 new first, 15 year at 4% fixed (btw, no personal guarantee on the ...