Property appraisal value: 265K

Borrower's down payment: 79K

You 1st trust deed: 132K

Seller: 2nd trust deed: 70K

Two year balloon

In addition to the high combined loan to value, what e...

Hi All,

I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...

I just wanted to share in my excitement on another wholesale deal closed with my bigger pockets family. I recently closed on a wholesale transaction all by my lonesome. The reason I'm extremely excited about this dea...

There is a bill proposed by Chris Ward district 78 called the California Housing Speculation Act that proposes charging a 25% additional tax (an income surtax) on the profit (above the regular tax collected on the pro...

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Hello all,I currently have $50,000 cash available to invest. Right now I own a SF home as my primary residence with $$60,000 in equity right now. I have read multiple books, watched online videos, and have gained a li...

I have a tenant applicant who had chapter 7 discharged and assessed amount paid 6 months ago.  His app states it was due to problems when owning his own business.  He has a union job for the past two years making well...

I've been busting my hump trying to get my first deal. I put the earnest down on one but after inspections found it would cost an extra 40k so I pulled out. Now I've got a golden egg. Buying a great condition house fo...

The Bush administration developed an effort to confront the worst U.S. financial crisis in decades, describing a plan that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic d...