Greg K.
Elderly mother served FC Auction notice,advice deeply appreciated
My mother bought a 2 family house for 514K back in 2006. The mortgage was very complex and handled by the now defunct WMC(of GE), infamous for using scissors and xerox machines to fake documents, and anything else im...
Eric P.
Coronavirus and vacation town impact?
I still think we'll see the economy bounce back sooner rather than later, and I don't think there will be too much impact on housing prices overall, but I do think vacation towns could get really hurt.
In NJ for ex...
Derek Andrews
Use a PM to find a tenant vs DIY
Greetings. I have a single family home that I want to rent. Using a PM to manage the property isnt preferred (because I'll only break even, literally). My plan was to just use a PM to find a tenant (and they'll tak...
Fiora P.
Remodel primary residence or buy rental..$50k Question
Hi everyone,I’m new here, right now just reading and learning. My husband and I are very interested in starting out, but at the same time, we want or have to do ( Shocking right!!:-). Our biggest dilemma right now is ...
Matt A
Deficiency judgement after a short sale
Hello CTC,
I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...
Brent Salazar
My DTI has hit a wall
Hello BP,I have an interesting problem. I currently own 2 duplexes in my home town. 1 has tenants and the other I am house hacking. I am ready for my next deal and have hit a wall with conventional financing. The bank...
Ben Leybovich
What Did You Do Today?
If I were to guess, here's what my friends did today:@Serge S. spend today thinking hard about the next $500,000@Brian Burke took his wife in his plane to Malibu, or something, and spent money he has@Brandon Turner to...
Kim Adkins
My tenant wont pay rent, violated the lease. I cant afford to go to court and evict her
Tenant wont pay rent,always a different excuse.Now she moved a dog in against the no pets agreement.I cant afford to go to court to evict her.Is it illegal to move in with her?
Greg Gibson
How would you invest $25,000 cash right now?
We have been sitting on a little over $25,000 in cash for a few months. I've yet to pull the trigger on where to invest it. What would you do to begin turning this $25,000 into early retirement?
Joe P.
"A year+ of progress...or maybe not." Deal Analysis after 1 Year
Thought this would be fun to expose some of the financials and situations of my current rental.I purchased a duplex in Gloucester City, NJ in July 2018; I've had it now for over a year.Here are the initial numbers:Pur...