We are working on a deal for a commercial loan for a 20 unit property. This is the first time we have tried to buy something this big. Our loan officer and underwriter said they will be taking our deal to the loan com...
SHort SALE, URGENT HELP NEEDED, What offer should I put down?My husband and I are looking for a 2-3 family home to live in and rent the other floor. Been looking for a while in the cities of Newark, East Orange, NEW ...
So I purchase value add small multifamily and convert them to STR/MTR.My plan was to purchase them, repair the units, furnish all or most units, MTR/STR the units, cash flow like crazy, and then sell when I'm ready to...
Hello BP Fans,
I'm currently trying to purchase a short sale in my area. The sellers agent countered today and they want to remove the Short Sale Rider addendum to the contract. Have any of you guys seen this before ...
Just doing due diligence here. I'd like to hear from anyone who has used Seabury Investments LLC as a private money lender, both positive and negative experiences. They have a nice package of loan options, but I'm alw...
My question:
I have a SFR that I bought in 2006!
I have had same tenant in their with no vacancy.
My mtg is a 15 year amortization PITI $1,300
Pay the PM $84 (8% of rent)
Rent is $1175
House is work approx 190k
L...
I had some financial difficulties in 2019 and defaulted on 3 payments. I was offered forbearance for 6 months in 2020. My financial situation improved in 2020 and have been making regular payments since 10/20. A few...
looking for mortgage broker, lender. I live in California and planning to move in Illinois. I own 2 rental properties, the first one is paid in cash and the second one i have a mortgage on it which i pay 464 in total...
If you want to grow your real estate portfolio faster, make more money with less headache, and achieve whatever financial dreams you desire, you need one thing—a real estate team. Most people don’t realize that the to...
I'm hoping to find more information about a seller receiving a 1099 and being responsible for income taxes for the difference between the sale price and the outstanding mortgage during a short sale. Does this always t...