looking for anyone familiar with the detroit, MI area, tax capture and the process, as well as contractor referrals in the area.
I have been researching wholesaling for a little while now and it is something I really want to do and be good at. I am going in with a partner/friend of mine whom I trust and we are wanting to get started. I know i...
Is it true that smaller local banks approve for higher loan amount and smaller interest rates than big banks like Bank of America?
If for whatever reason I choose to use a hard money loan to acquire a property and do a rehab and I want to REFI through a bank to get my money out and pay off the new loan at 3 or 4 % versus 10 or 15 percent with the...
I most likely will be moving a property into an LLC. Most likely the lender will notice the deed change and call the loan. This means I will have to pay it off. I can do that. But I don't want to have that much equity...
Folks, with rates in mid 6% and CAP 7+ the "standard financing" (20-30% down, 25 amortization, 5 balloon) makes no sense. Cash-on-cash return is in mid 5 with these numbers. What creative options for financing can we ...
Hi BPers,I have a potential tenant, no SSN (but has ITIN), credit score 653.I was told that without SSN, NTN background check will not return any useful information, is this true?He showed me the most recent 3 months'...
I am just wondering if anyone in Virginia (Hampton Roads), or North Carolina have any experience in marketing REOs for sale? What is a good tool/forum to use? I got a bunch of interest (on BP) and Craigslist but I am...
Can anyone explain how these work? What I don't understand is if the homeowner is about to foreclosure - why don't they sell their home, pay off the remaining balance, and pull out their equity? Could I be missing som...
Newb question, apologies if posted in the wrong spot. I read about situations where investors would buy properties with cash at below market value and then refinance them to get their cash back out plus more and use t...