Jason Hodge
Procedures & Closing Costs on a Subject2/Wrap
Hello,My question is about the procedures and costs of closing a Subject2/Wrap deal.Let me set up an example, I'll use these numbers since I have seen them used a few times on BP:Property Value = $100KRepairs = $0Sel...
John Vo
Am I missing something?
I've been analyzing deals from both wholesalers and the MLS in this Houston market,and I'm stumped. So I have to ask the BP community to chime in with their opinions. I've looked at a property on the MLS yesterday tha...
Marion Edwards
Homepath Deal Update
My Homepath investment deal is progressing but I learned something today about Homepath financing that wasn't in the literature. Apparently Fannie Mae has a policy on cash reserves, particularly for us investors, t...
J Torres
Insurance On Wrap / Seller Carry
Hi Everyone,
Alright so I'm in the middle of my first "seller carry" deal, there is a property that the seller is can no longer afford the payments to and have negotiated the following with the seller. They will all...
Robert Bracken
Risk Management for multi-family rehab project
Hi everyone, I just officially made an account (though I've read my posts over the past 18 months), so I am definitely newer to the game. My question is regarding how to best manage my risk during a large renovation t...
Michael Cortez
SUBJECT TO PURCHASE - WHAT HAPPENS TO HOME INSURANCE?
Hi all,There's a property I'm looking at in Florida that has been on the MLS for just about 90 days. I briefly spoke to seller and got her motivation and some facts about the property. I would like to pitch a sub to d...
Dennis Debrobander
Subject 2 insurance
I am in escrow on a subject 2 deal. Do I get a new separate insurance policy in my name? Will there be any issue if there is a claim and I am not on the loan?
Marc M.
Good Credit Score, but High Debt-to-Income Ratio! Should I rent to them?
Hi Folks...I need some BP advice:I am managing a rental property for a family member. I found a person who wants to rent the place (and thanks to BP forums, I used MySmartMove as many people recommended)....they have ...
Ryan Fitzstevens
Lease to purchase on my rental
Had same tenant in rental property for 1.5 years. Based on market thinking
about selling. I am getting minimal cash flow and would like to put profits from selling toward a better cash flowing property such as a dup...
Keonnee Linnell
Insurance policy on a Sub-to
Hey everyone, I recently purchased a sub-to and I’m fairly new to this specific strategy so I’m unsure how to go about getting home insurance on this specific property.Here is the situation: I just purchased this home...