Bryan Hancock
Is It Ethical To Structure Seller Financing on Wrap Transactions With the Intent to Default?
This subject has been poked around in several posts on BP and I am interested to know what others' opinions about it are. For the purpose of this thread "seller financing" is defined as follows:
1. The seller has a...
Amily Yi-Chieh Tseng
Possibility of acquiring this property or should I move on?
Good morning BP!I've been looking for a good property for my family (we have 2 toddlers) to house hack. We're located in the northern Chicago/ Jefferson Park area. There's this one near us that we like but it's been...
Jeremy Shinall
What to Do with a 'Tired Landlord' Who Isn't Motivated or Desperate?
Hi everyone! I'm still a newbie that's learning to crawl in this REI world. In looking to find my 'first deal', I had a conversation with a friend about his condo property.He purchased this condo in 2007 as a 2nd inve...
Collin Kautz
When to move on? NPN investing
I have a NPN and I wanted to know when is the right time to move on? Under what circumstances do you as an investor say, "Well my options are exhausted and this not is not worth any more of my time and money?" I kno...
John Hyatt
Door knocking for Subject To's or Listings (at the very least)
Hello, I am going door knocking this weekend to find “Subject to” properties that I can take over their loan and do a Rent to Own or sell for quick cash or short sales that I can be the listing agent on (if they are t...
Faith Haren
Hello from Flagler Beach, Florida
Hey Everyone!
It's a pleasure to make your acquaintance. I am a twenty-four year old college grad currently living with my parents and working as a waitress part-time. I joined the Bigger Pockets forum after listenin...
Breon Smith
Can I wholesale an apartment if its underwater in mortgage?
Hi everyone, I'm new to BP but always reading posts to get answers and I'm wondering if I can wholesale an apartment (quadplex) if its underwater. The owner says the mortgage would be their problem so I'm assuming the...
Michael Quarles
Bought a house for 2,000 cash.
seller called off a large postcard and said They owed 110,000 and if they could get 2,000 cash it's mine.
When asked why they were selling they said their daughter was renting the house and stopped paying ...
Marco Calderon
Unique deal with seller who owes more than property value
I have a seller that owes too much on his loan for a SFR-rental (in Chicago, IL) that brings in $1500 monthly via Section 8. The problem is he bought in the RE boom in 2008 and owes too much. He does however have a 40...
Scott Titus
sub2 rental?
I have a seller that is current. He is upside down 30k on his home and wants out. Piti is 500, market rent $1000. If I took it sub2, and rented it, would I be risking too much on the due on sale clause? If the bank d...