I would love your advice. Should I keep this rental property or should I short sell it?I have a condo in Algonquin Illinois (3 bed, 2 bath, 1890 sq/ft) that I had bought for $265k in 2006. I have about 40k in equity i...
Thinking about lease option. Owe $194k. Worth about $160-180k. Was thinking about using Ron LeGrand's lease option forms. Any suggestions?
Hello all .. I'm new to the forum and my wife and I are beginning to pursue real estate investment .. but we're unfortunately not rookies. I wanted to see if perhaps anyone had any other ideas with a situation on our...
Hello. I have a simple problem which might have an obvious solution, but I’m hoping that someone more knowledgeable can provide feedback in case I’m missing something.I bought a very nice condo/apartment in a new mix...
Hi there. New to BP. Wondering if I can pick the collective brain on a tough rental I've been wrestling with for years. I bought a SFH with a partner (who still owns half) in Ellensburg, WA over 10 years ago at the to...
I am wondering if anyone has experience with something like this. The property is not a short sale. I got under contract and title reported the owner owes the state $556,000 in income and transient tax (the property i...
Hello BiggerPockets Community!I really need some advice on whether to hold or sell my rental property. Here are the details.In 2011 I bought my first home, a 1 bed + den, 1 bath condo for $227 000. I paid way too much...
Hello all -I have a seller with a problem looking for a solution.She owns two fouplexes in Killeen, TX (Fort Hood, TX) purchased in 2007 with two mortgages on each and has a balloon payment due in 2016 on the second m...
http://www.nytimes.com/2011/08/25/business/economy/us-may-back-mortgage-refinancing-for-millions.html?_r=1&hp&gwh=1E3892162A33C834D3163EE4928B54CE
Hey guys, this isn't for me, but for the two people I love most in this world: My mom and dad...They bought a weekend home they can't afford. They got the financing from the builder of the property and now they fell o...