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Results (3294)
Levertis Brock What is the penalty for backing out of a seller finance deal?
30 December 2022 | 19 replies

I backed out of a seller finance deal after the contingency’s expired what am I on the hook for?? I’am being told from the law firm that was handling it that I have to pay the paperwork fee a title fee and pay for a r...

Eric Jones How to Calculate Payoff and Arrears on Non-Performing Note
17 August 2016 | 20 replies

Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...

Keith Bloemendaal Question About Reinvesting: Pay down mortgage(s) or save for next deal
2 December 2014 | 63 replies

Often I have seen advice given to always reinvest off the properties you are acquiring, my simple question would be (and there may not be an easy answer) would you take cash flow and pay down mortgage(s) so you could ...

Peace Lily FHA denied the mortgage from 2-family Multi to 3-family Multi
8 April 2020 | 31 replies

Dear BP Members,I have a question and hope to get your advice.  I lived in a 2-family house for one year on conventional financing as my primary residence.  I recently just moved out and rented out the whole house.  T...

Scott Kimberly Is the 1st Deal a Myth?
16 June 2019 | 24 replies

I'm curious to see how much of a myth the 1st Deal actually is.The Myth I'm referring to is "get your first deal and it's off to the races". As a new investor, I the more I listen to podcasts (and not just BP's) the m...

Sean Wilson My experience with Vacasa - Buyout scenario
28 February 2023 | 16 replies

Hey Bigger Pockets community, I’ve been a long time member, but rarely post. Last year I went through a transition from a small local vacation rental management company to Vacasa as a result of a buyout, and I’m hopi...

Jami Kloet Vacation Homes in Florida - where would invest?
5 June 2021 | 38 replies

We are looking to eventually purchase a vacation home in Florida. We'd like something that we can use as a STR for a few years, and escape on our own a few times a year with family. I'm curious, those of you who are f...

Adam Blachnio Why Most Of Investors Invest Only In Local Market?
28 April 2020 | 41 replies

I found that investors are focused on their local market because "they know it" even if return rates are much, much lower than in other areas...If they decided to be REI, so assuming they want as high return as possib...