I need some help. I got an offer to purchase someone's home for what they owe on the loan or in other words assume there loan. He say's he owes about $80k (it's a messy divorce situation and he is moving out of state ...
Here is the skinny. A nice couple with a young daughter recently applied for my listing. They passed the background checks, references and income requirements with flying colors, even though they are a single-income f...
Wanted to post my experience in trying to 'wholetail' a property last month in case it's helpful for others. Also ask for any tips from people who have done this successfully.So wholetailing is when you buy a beat up...
Bought the house in 2012. Remaining balance is 250k on a 3.25% FHA loan, eligible for pmi cancellation in 2 years . Mortgage is $1670/mo including pmi. In two years, mortgage may lower to around $1300 after pmi cancel...
Hello all, seller is behind 8 months on his mortgage ($3000). The home is vacant but in good condition still. ARV is 65k. Mortgage has a balance of 23k (including past due). Piti is $400 a month. Seller just wants out...
New Resources for Real Estate Investors.I am going to list resources for real estate investors.Get Organized And Setting Up Shop As a beginning investor, there are things you need to do to get yourself organized. Maki...
We just closed on our latest flip and the first in our new market. I figured I would post the story to help out some of those trying to get started. These are the types of posts that pushed me to get started so hope...
I am preparing to rehab my first project. It has plenty of profit in the deal. I need advice as to how to get 100% financing. I have no money to put into the deal but plan on putting 80% of all profit into saving for ...
I’ve been listening to Mitch Stephen’s podcast and seller financing seems like it’d be a good fit for our business. Can someone share their insight on the financials of carrying a note vs getting the big pay day now. ...
I had an interesting call today. Seller has a house she was losing to foreclosure. The lender wasn't able to produce the note when she challenged it and the foreclose was thrown out. Her lawyer told her the statute...