Mark Coulet
creative financing
my dad bought a house at the auction yesterday. he needs some extra cash, so can i get a 30 yr conventional loan to buy it from him?
John Morgan
Wholesaling a short sale. PLEASE HELP!!!
Good afternoon BP...
I am looking to wholesale a property that is in the process of going through a short sale. I am looking for some insight into this process and what my options are, especially as it relates to neg...
Wes Harris
should i "misplace" documentation for a jointly owned house?
I'm trying to understand the rules for stepped up basis on a house owned as joint tenants with right of survivorship.Specifically, this is for joint tenants that are not married. Let's say that my mom added me as a j...
Howard Maidens
Self directed IRA
I just learned about self directed IRAs and am extremely interested in this as an option. I was told that if I buy a house to rehab, that I am not allowed to do any of the work myself. That if has to be done by a lice...
Minkis Poleece
Picked up a Foreclosure. Brainstorming strategies.
Hello, Got myself in a deal and I want to brainstorm all my options.I recently picked up a nice 4 br, 3 ba 3,200 SF home from a sheriff sale for $161,000. Based on the research I had done, it appeared to be some sort...
Paul Allen
Minimum Time to Occupy with VA Loan - and Exceptions
Tax client situation, want to be sure I give them the best info:Active duty service member uses VA loan to purchase SFH. He and Wife (version 2.0) occupy for 8 months. He is awarded full custody of his 2 kids from his...
Laura Moreno
Buying following the 1% rule in NYC
Where can you find properties that follow the 1% rule in NYC? Queens, Manhattan, Bronx, Brooklyn? I am thinking about buying a multi-property in NY but it seems like that is difficult to find. Thanks so much in advanc...
Laurie Isabell
US Bank Cash Offer Strategy vs. Contingencies
I would like to submit a cash offer on a house owned by US Bank NA- Trustee for MECA 2011-1. It is listed with an agent and from what I can gather from the situation is that there are two other offers on the table, b...
Julia Parton
MHP Lot Lease
Just closed on our first MHP 2 weeks ago. 17 lots with 11 rented currently. Comprised of 6 mobile homes, (1 owned) 5 RV'S, and 1 House. I'm looking to update the lot leases and I'm having a hard time finding anythin...
Account Closed
Adding my name on deed thorugh quit claim or warranty deed in Illinois
Hi everyone, I want to add my name on a deed for a house owned free and clear. My plan is to use a HELOC and buy a 3-4 flat in the Chicago area or fix and flip in the south side. The house is located in Champaign, IL....