Andrea Johnson
Motivated Seller upside down. What are the options?
Hi everybody,I've spoken with a couple of FSBO sellers in the past month that are underwater. Not having any experience with those types of sellers, I wondered what experienced investors are presenting as options when...
Audra Berger
Would it be crazy to do a subject-to deal on an house underwater?
Scenario - Sellers bought house in highly desirable neighborhood in Phoenix, AZ at peak of last crash. They still owe $650K. The home is worth between $595-610K. ARV could be right around $650K. Home is 5 bedroom.Sell...
Blake Piedrahita
Pros/Cons or Refinancing 6 Months In
I purchased a 2 unit home in March for $322k and have spend 6 months renovating. The property was so cheap because it wasn't in great condition and was listed at about 1,200sqft, but was mismeasured and is actually a...
Justin McElroy
Calling All REI Veterans-What Happens If Property Goes Underwater
Hi BP,There is a lot of talk of a crash or at least a correction being imminent in the near future, so my question is mainly for investors who survived through the 2008 crash, since you've been through it before. That...
Jerry Kisasonak
Mortgage Debt Relief Act Expiring in 2014?
I've heard that this Act is set to expire at the end of the year. The Act allows people who are foreclosed on or who do a short sale to not have to pay taxes on the forgiven debt. If this Act does in fact expire, t...
Evie M.
Sell 1 or 2 properties, or Refi/Reno?
I own a duplex and 4 SFHs in the same market, all rentals. Three SFHs are owned in cash, one is financed at about 55% LTV. That financed SFH gets the highest rents of the portfolio, and is cash flow positive.The duple...
Fred Lopez
Reverse Mortgage options
Good morning BP! As some of you may know, I am fairly new to real estate investing and recently had a lead come in from a lady that was wanting to sell her moms house who recently passed away that is currently in a re...
Matt Michaels
Current risk with cash out refinance
I am considering doing a cash out refinance to get some of my invested money back from my house hack. I could survive without the money, but getting some of it back would be nice to be used elsewhere.
My current inte...
Ibrahim Hughes
How negotiable are IRS Liens in a Short Sale?
I have an owner with a high end home that's underwater and who has $200k in irs liens. Is the government open to at least releasing the debt as a lien against the property?
Lawrence L.
Need some direction forclosure!!!!!!
I have a 5 family that needs a lot of work. Only have 2 tenants,I'm behind 7 months and I can't carry anymore. What are my options if any.