Michael R.
Does a lien ever prevent a sale?
Are there any liens that would prevent someone from selling a property? I know property tax liens stay with the property. What about mortgages? Can you sell a property with a 50k mortgage for 1,000$ dollars and not sa...
Dustin Smith
Hard Money for Purchase Only?
Hey all,Thanks in advance for the insight. I'm looking at a retirement community that I want to turn into a 5 plex. The list price on the property is $220k, but I know he may be willing to accept as low as $165k as he...
Daniel Suarez
Forming a joint venture after a 1031 exchange
Hi all, I’m planning to do a 1031 exchange of a property under my name to another much expensive property that will need rehab. This new property will be also under my name but I’m planning to do a join venture with s...
Oleg Malkin
Carryforward losses if rental converted to primary
Greetings! Here is a scenario: I bought a third rental, placed it in service, and it is expected to have have significant repairs in 2021 that will likely lead to passive losses that will be carried forward into the f...
Kevin Boyd
Negotiating a Second
I'm not sure if this is the best place to post this, but can't find a better place.Got a lease option on a house about 18 months ago. I brought the loans current which cost about $100k. Also paid the owner another $...
Marjorie Wallwey
What happens if someone owns MH free and clear, but doesn't pay lot rent? Can MHP take the home? What is the process?
I'm looking at a MH in Colorado where the owner owns it free and clear. Lot rent was due yesterday, and she didn't pay it and won't be able to pay it going forward. What can the MHP do in that case? Been searching onl...
Mark Bills
First Home Purchase | Stalled Deal | Seeking Experienced Advice
Hello BP Community,I am currently in the process of purchasing my first home (duplex, 1 side is renter occupied) on an FHA loan in Vancouver, Washington.I have paid my earnest moneyI was initially given a closing date...
Nick Campbell
Making sure my loan is forgiven
My home is currently going through a short sale with two mortgages. It seems they will both be forgiven. I don't have the money for a lawyer, but want to make sure that the bank or a collection company can't come afte...
Victor Leon
Ucc liens, or other type of liens to acquire property
Can i use a ucc lien to acquire an abandoned property that i have been caring for? i have made thousands of dollars in repairs and been paying the property taxes. I thought about adverse posession but the statute sday...
Matthew Thorp
How to find what the seller owes
How do I find out what a person owes on their mortgage before it gets sold at foreclosure auction?