Michael Mignogno
Assumable Mortgages - creative financing
Hi Everyone,
I have a Mulit-family that isn't producing and is in an area where I am trying to pull out of. I have an offer to take over the mortgage plus a small cash offer. My mortgage states that it is not Ass...
Cassi Janakos
Sale of Tax Sale Deed & Prior Owner Bankruptcy
Hi,When you win a Tax Sale Deed, what are the risks with the prior owner filing bankruptcy prior to, during or after the sale? Does this effect your deed and how can you safeguard yourself from this if they can take t...
Chris V.
Using Savings vs. Monthly Income for Minimum Income Requirement
Hi BP!
I have applicant for a rental unit that is currently between jobs, but would like to use a large savings account to meet the income requirement to qualify.
One of the minimum requirements that I have (and sta...
Fred Zo
I'm Financng Sale of Property
I have a buyer (a builder) for my property (vacant land in CA). The buyer wants to put down $100,000 and wants me to carry $250,000 (1st) for 3 years at 6.5% with only a one time balloon payment at the end of the 3-y...
Chris Berger
A little late, but did I do anything wrong?
First off, let me say I am so happy that I found this forum. I spent most of Friday and most of my morning today reading such informative posts.
Anyway, I am new to all of this and have not so recenlty completed my ...
Lucien Gautreau
Residential Property Disclosure Statement - Not needed?
Hi All,
I'm selling one of my duplex rentals that I've had since 2011. My question is, my agent on this particular property is saying on the Realtor (Listing Agreement) between us in the section that states (as an op...
Jose Alonso
CASH OUT REFINANCE STRADEGY
Hey guys do any of you have experience doing a cash out refinance. Can you please tell me what to expect and how was your experience. I plan to do a cash out refinance sometime this year maybe around April, and plan t...
Justin Elkins
apartment complex in a downward spiral with crime
I own an 18 unit C class apartment in Killeen, Tx. When I purchased the complex from a mom and pop owner operator it had good occupancy and many long term tenants. I carefully selected a PM company that is off site ...
Michael Williams
I have a rental prospect without a social security number
Does anyone have a positive history of leasing to a prospective prospect that doesn't have a social security number? If so, what are safe guards to put in place?
Bienes Raices
Threatening text
Applicant called me and wanted me to rent to his sister, who had an eviction. I told him "no" several times but he would not drop the issue and finally I said "bye" (I could barely get a word in edgewise) and hung up....