Srikanth Patnam
Assigning the contract to End Buyer.
Hello BP members,I need an advice. I am trying to wholesale a deal. I am assigning the contract and my end buyer wants to purchase the contract through Bank. He is not a cash buyer. He has pre-approval from his lender...
Ollisha Jones
Friend behind in mortgage payments...I want to help...
im new in the real estate investment world and been in classes to learn investment strategies...in saying that I ran across a situation with a friend who is currently backed up in mortgage payments (about 4200 ) .....
Account Closed
advice for new private lender
I am thinking of acting as a private lender and wanted some advice. From what I've seen, it seems like I will be acting as the second deed of trust. What should I be doing? Do I consult a lawyer? What kind of back...
Christopher Manganello
Contract For Private $$
Hello BP!! Does anyone have any good advice for writing up a contract to borrow private money?? Should we meet with a lawyer or who would be a good resource to do this, we are looking for someone to write a contrac...
Daniel E.
NPL Advice - Owner wants to stay but major delinquent taxes
Have a small property with a $95k ARV. Purchased the note for $15k. There are approximately $10k in delinquent taxes. Property will need ~$15k in work to achieve the ARV.Owner really wants to stay and can (with a BIG ...
Kyle Plants
Mortgage limit questions
I’ve heard that the federal government has set a limit of 10 mortagages per person. My question is on loophole in that limit. If someone is married would the husband be able to get 10 in his name, 10 in the spouses na...
Tariq Hakeem
Colorado hmeowners acumulated an averge of $32,000 in home equity
For homeowners in Colorado and across the country, 2020 was a year of enrichment unrivaled since 2013, when the nation was bouncing back from the housing crash.
U.S. homeowners gained $1.5 trillion in home equity las...
Doug McLeod
Commercial loan first-timer (6 SFR package deal) - a little help?
I just got pre-qualified for a large commercial loan to acquire a package of 6 SFRs. (I have 7 SFRs now, 6 of them acquired in the last 14 months using a mix of conventional, hard-money, and cash - with all now under...
Alex Bishop
Best practice to structure seller finance deals?
Hello everyone! I have been talking to a local landlord about seller financing me one of his rentals and he seems very interested. I’m just not quite sure the actual process to get the deal done. Should I just have an...
Greg B.
First Commercial
My REI experience is with residential properties. I have been in the game for about 5 years and am looking at stepping into commercial. I am looking into a 20+ unit property in my area. We have reached a preliminar...