Heather Ballack
How to figure out what a seller owes on the property?
How do you figure out what a seller owes on a property? I usually look up the property on Zillow and find the pin number, then I go to the recorder of deeds website and look at the public records. Sometimes it is ve...
Joe Doman
Hypothetical Financing Scenario
Hello all, I wanted to check in with the community to see if the following scenario is even possible:If a seller is willing to carry back a portion of the purchase price but wants a substantial down payment, can I go ...
Victor Castaneda
Assumption/ other options
Hi I was interested in knowing if you can help me in my situation below.My wife and I are currently living with my in laws. They had a loan modification about 3 years ago. They are no longer able to make their mortgag...
David S.
Deal analysis on 4plex - Subject-to and owner held note
I'm looking for some opinions on a potential deal. 4 plex in a suburb of the Twin Cities. Owner has some interest in selling does not seem super motivated. He's asking for an offer, and says he's willing to both do a ...
Chris G.
To Refi or Not to Refi
Hey everyone!Here's the deal. I have looked all over and crunched the numbers and wanted to see what the overall consensus is on a FHA to Conventional loan to get PMI removed. Since I put less than the required amount...
Drew Cameron
Mortgage strategies
I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...
Clifton Powell
Pre Foreclosure, stalled by BK
Good morning!I am trying to figure out what the best thing to do for a friend is in the situation outlined below:Home Value $570kowed 1st mort $496k (current loan was modified and principal reduction completed for $10...
Bryan O.
Upside Down 1sts Preferred?
I have been looking at investing in non-performing 1st notes. It seems many look for notes that the UPB is higher than the FMV (i.e. underwater). Is there a reason that is preferred? It would seem to make exits harder...
Account Closed
Need Short Sale Mentor - I have a deal
Hello and thanks for reading!I am located in Wichita, Kansas and I think we have a potential short sale opportunity The seller has a very nice home that is worth $249k and she owes 165k. I believe she is 65k delinquen...
Yohan Columna
Refinance to Invest?
Hello everyone, I have been following Bigger Pockets for a while now and I just want to get started. I have an income of 92k per year. I have a home worth 160k which I live in and only owe 40k on it. I was thinking to...