Looking for some help. I’m looking at buying a secondary lien (HELOC) via foreclosure auction.Would I then have the right to pay off the first lien and own the property outright? That would be my goal.The owners have...
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Hello,I'm a long time follower of this community and recently made the jump into purchasing a home in Houston with the intend of turning it into an AirBnb. At the time I made the decision to purchase this home that is...
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I currently live in Alabama about an hour from Birmingham. I have been investing for 4 years and own 21 units. Four single family with the rest duplexes and one 4 plex. My son was injured in September and is paralyzed...
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When the seller has filled out all paperwork to short sale and the negotiations have begun with the bank, what can go wrong that would derail the process?
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I own this paper and the borrower made a solid offer to start paying $6000 up front and $700/month. He has a 6-figure income and can afford it. Here are the other numbers:MV = $50k and decliningUPB + arrears = $211k...
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Hey everyone, I am new to Real Estate investing. I just recently got in contact with a loan officer to help me find a lender. But this morning as I was driving to work, I was listening to the BiggerPockets podcast epi...
It took me nearly 8 months to figure out what this so called "mortgage forgiveness debt relief act" really was and how it could benefit me. I was with my wife one day and we overheard two couples talking about it and ...
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So Was in the process of purchasing a property from a homeowner in foreclosure, She owed less than as is value and was going to actually receive some money from sell and the numbers still made sense. After speaking wi...
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Hi BP, I would like to move my rental properties into my LLC. So I gave my local banker a call as a courtesy heads-up. Unlike other banks I dealt with before, he said I would need to get my loan modified, which wou...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $74,900
Cash invested: $43,000
Sale price: $204,900
Contributors:
Peter Vekselman
Partner Drive...