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...
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...
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...
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 ...
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...
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...