Charles D.
Portfolio loan new investor, pull cash out
What sort of qualifications does a local bank typically look for when generating a portfolio loan?
Here is a hypothetical scenario for the borrower:
Assuming the loan is against a 2-3 family rental bought with cash.
...
Account Closed
How to invest a large sum of money in R.E.
It would be great to hear from people who have been in the business a while and deal with significant portfolios. What would you do if you were starting all over and were given a very large lump sum of money (approx....
Rene Vizcarra
Hard Money Unique Situation
Hello, Looking for any helpful information on my unique situation:
Purchased a home to fix and flip. It's a larger home and a big project in Colorado. The purchase price was 845k and the rehab was going to come out t...
Andrew Taylor
I need a Houston-area finance genius to let me buy them coffee
Although my BP post count is climbing, and my knowledge is increasing, my portfolio is still at zero - and I'm afraid it will remain so until I start to get a grasp on financing techniques. I would absolutely LOVE to ...
Brian Erlich
What is the process of going through probate like?
I have an estate home under contract at a price that doesn't cover all of the claims. There are 2 FIFA Liens on the property, several unsecured claims, and the home is in foreclosure. I assume we need to go through...
Shirin Namavar
How to choose lenders
Hi,
I am new in Real Estate investment. I am looking for a rental property and I need to borrow some money. I have some questions/concerns. What can go wrong during borrowing money from private lenders or hard money ...
Khari Harper
RE
How is it possible for the Agent to make money off a short sale? I am very confused.
Account Closed
Tenant dispute over Covid 19
Hello Bigger pockets! I have a single family home that is being rented by four tenants (roommates). A month ago I received a notice indicating that one of my tenants have found a replacement to take over their lease (...
James Smith
Inherited properties
Hello community, I have recently inherited two properties with challenges. The first home has no mortgage or lien, but has late property tax of about 1,700. The other home has a mortgage of 18,000 remaining and la...
Isaac Black
Buying Home Pre-Forclosure, Real Estate Attorneys Welcome
I have an extremely interesting situation in front of me. I found a home that is pre-forclosure and set to sell at auction in 10 days. I have contacted the home owner and found that he is 6 months behind on his mortga...