Mark Myers
Looks like a great deal to me, but...
I am completely new to this, so forgive my abundant ignorance. I've found and MF 8 unit building in a pretty good location. All units are 3/2 1080sqft. Actual 2014 numbers are as follows: potential yearly gross inc...
Daniel Kong
Mortgage modification from a Lender perspective
Hello, so I'm currently lending to another investor using my LLC. I have a mortgage and note on the property in question. If I wanted to update the principal balance and terms of the note, is that something I could ju...
Account Closed
Purchased Foreclosed Home at Auction - Bankruptcy Stay Added
Hi Everyone,
I bought a property at foreclosure auction (association foreclosure) about 3 days ago in Miami-Dade county. Today I see there is an Order Case Pending Bankruptcy Stay. I noticed there was a Suggestion o...
Alex Turchetta
S-corp creation for tax purposes
I had an interesting question for my cpa friends on here. My situation is slightly unique as real estate investing is slightly difficult due to my student loans. I have an exorbitant amount of student loans and my mon...
Sam M.
Is there any reason not to pursue a SS where others have tried?
I just spent an hour talking with an owner 2 months from foreclosure. They have had 2 people try to work their SS magic to no avail. I believe the last one was another investor in the area and the owner shut it down...
Drew Hoffos
Fannie & Freddie Mortgage Requirement Changes 2020
Hi Friends! My wife and I are San Diegans, and restaurateurs. We sold our home at the start of COVID with the hopes of buying either a multi-family in San Diego, or something "reasonable" in San Diego as well as an in...
Jamie Hogan
Charged Off - What does it mean?
I have a friend that had someone else managing their money. Several mortgage payments were missed. I guess the bank had someone drive by the house and saw that it’s in terrible shape. They determined that it would ...
Manuel I Contreras
House flip / problem ?
My name is Manny I’m really interested in learning to flip and invest in real estate. My wife’s grandma is about to lose her house due to debt. They owe at least 100k and the house is worth 270k. Is there a way I coul...
Christopher Gee
Financing with a high debt to income ratio
Forgive me if this is a ridiculous question. I presently have 2 profitable duplexes on Long Island. I am interested in out of town real estate, however a mortgage broker that I contacted has said that my debt to incom...
James Harkness
Delinquent Mortgage Workouts
I wonder what your opinions of allowing delinquent borrowers to change the terms of their mortgages are? To me, there is something fundamentally wrong with essentially rewarding lousy borrowers by extending their ter...