Daniel Humphries
Foreclosure questions regarding LLC & Personal Guarantee
I am looking for some advice for a close friend and client. He got into a deal with a hard money lender and was able to complete the house build and is waiting for the house to sell. The hard money lender is threateni...
Edward Stephens
How to interview commercial lenders?
BP Family - Soon I’ll be in the market for a commercial loan. I’ll be buying a 5-20 unit apartment building. I am a residential real estate agent, so I have a lot of experience talking with residential lenders abou...
Jeff Klein
Must I exchange into property which is debt-free?
I am selling my residential investment property. It is debt-free. I want to exchange into a management-free investment. If I buy property which is leveraged, will there be a consequence in a future 1031 exchange?For ...
Cody Jacobs
Hard money for new construction Multi
Good evening all!
I'm brand new to this so forgive me if this is a stupid question.
Is it possible to secure hard money for a new construction multifamily to also use as a personal residence?
I hope this questio...
Matt A
Deficiency judgement after a short sale
Hello CTC,
I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...
Tyler Immeker
My first home/investment property? How much should I spend?
I am very new to this so please forgive my ignorance. I would like to buy a duplex with an FHA and rent out the other rooms. This would be my first home purchase and first time getting into investing. I live in DFW so...
Leonard Rybak
To Pay off Student Loan or Not
Hi everybody, I will be receiving a hefty amount in inheritance in the next few months, and I want to have the right mind set coming in. I already own 1 single family LTR and would like to get more. I currently us...
Dismayed Homeowner
Foreclosure process in Arizona
Hello all,
I have NOT yet talked to an attorney, however I have talked to the bank that holds our Mortgage and Equity loan about this situation.
Due to a job loss and my havi...
Timothy Rogers
Do you pay taxes on a shortsale?
Hello,
My wife's co-worker has a home in Savannah, Georgia that is upside down. She owes 45K, but property is worth less. She lives in Dallas and was renting the property out. The tenants moved out and squatters move...
Sandra Holt
Potential Short Sale- Next Step?
I contacted a homeowner who recently had his house listed on the MLS as a short sale, then removed the listing after a couple days. I know that he's upside down by quite a bit in addition to being past due on his HOA...