I am just starting out and I have recently found a house on the MLS that is a duplex which needs some work but it is selling for 99,000 and has 1 existing long term tenant already paying rent of 825 per month.2 questi...

I'm trying to do my first short sale and I really need help.

Here are the details:

FMV of house based on comps: $155K
Repairs needed to property: no more that $20K
Total owed on 1st to Wells Fargo: ~$163K
No second...

So, I finally closed on my first property end of Oct, 2014. Sarasota, FLSFH 1500-1600sf living area plus oversized 1 car garage attached. $146k, 20%down. At closing I think the total we were out of pocket was like $35...

Hello -

I am in the middle of an inspection period for a duplex. The inspection report came up with some significant repairs that need to be done (all categorized as safety issues and major issues). The pre-i...

Looking at a duplex and owner says he would seller finance for 18-20% down and would hold the loan for 2-4 years. Does that mean I would need to have it paid off by then or,,, refinance what's left with a bank? I gues...

I am raising the rent by $200 a month while still renting $200 a month below market. Basically right now I'm GIVING away $400 a month. I split the difference with the tenant since she's been there a couple years and i...

I am having trouble with Chase on a second mortgage. After numerous conversations they continue to say they will settle for nothing less than the full amount $50,000. They are saying my bid for the house is to low at ...

So, 3 weeks ago, I found a house on the MLS listed for $74k, I made an cash offer on a short sale and it was accepted by the seller. Today, I got a phone call from my agent saying that GMAC negotiator wants $90k for ...

Folks...

So what do you do when they request highest and best to stay in the game on a house?

What are your strategies?

You increase a little (couple grand or 5k or 1k or substantial increase)
Or you don't incre...

I need some help evaluating a commercial deal I have in mind. This is the first commercial property I’m interested in. This property is a 17,300 sqrt class B commercial building located in Wake County, NC. The tax va...