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Results (265)
Billy W. How does this deal look? 1st timer.
29 August 2010 | 6 replies

Hey Everyone,

I am looking at a current deal in Belleville, Illinois.

4 Unit multifamily complex.

Rent #1 is $550 for a long time tenant, now is on month to month lease.

Rent #2 is $500; lease ends July of 201...

Youdo Thirakul Need Fund in bank first before making an offer?
14 September 2017 | 3 replies

I want to put in an offer for a property, it listed on MLS for 120k, want to put in an offer for 70k but my agents said I would need the fund in my bank first. If they accept the offer I would've been in contract. I d...

Nick Rubino quick question on bank owned, did i miss anything?
5 March 2008 | 1 reply

real quick, I thought i heard someone say that it's hard to get the bank to let you assign a property.

I've come across some stuff that looks like they could be decent, but I believe are bank owned. I don't think t...

Dawn Anastasi Time of year for offer on bank owned REO?
25 November 2013 | 8 replies

Since we are approaching the end of the year, is there any incentive for a bank to get REOs off their balance sheet before the end of the year, or does the timing not matter for them?

Jacky Lieng Closing advice on bank owned property in Amador county
5 October 2020 | 4 replies

Hello,
Currently in the final stages of closing on a bank owned property in Amador County in California.
I asked my realtor to ask for a price reduction on unforeseeable deficiencies on the house from our well, sept...

Greg K. Very strange Short Pay/Sale clause in banks agreement
16 April 2019 | 27 replies

Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...

Account Closed Any recourse on bank reneging on a pre-approval?
22 April 2014 | 14 replies

I'm buying another duplex in PA. I was pre-approved for 5% down and $250,000 loan amount. The bank then said we could do 7.5% down in order to avoid mortgage insurance, which was great to hear. So I put it in an of...

Steve Candor Paid in bounced checks... Anyone ever get missed payments back?
11 December 2014 | 14 replies

Tenant lived in my friends brownstone here in NYC and rented the upstairs apartment for $2000/month.

Tenant is late on payment and then says sorry, I just need another week. And plays this game for a while. F...

Devyn Grillo How Can I Finance My First Deal?
19 October 2017 | 11 replies

Hello, I’m looking to purchase my first duplex. I can’t live in it at this point so an FHA wouldn’t work.
Are there any other options for getting a low down payment? Or some way to finance it? I’m in college so don’t ...

Joshua D. Mobile Home Park Help
9 August 2015 | 10 replies

7 Unit mobile home Park  asking price of $ 240,000I would self manage and there are no park owned homes Lot rent is $300 a month $2,100 total monthlyProperty taxes are $1,300 a year Insurance is $500 for liability on ...