James Free
How does foreclosure work in second position?
Google the foreclosure implications of being a debt-holder in second position, and you'll find a bunch of articles explaining that if the house sells for less than what is owed, the person in second position gets scre...
Nathaniel N.
Would you do it? Out of State Rental
I currently rent in Boston and I'm looking to get started in REI. I would love to house hack locally but it's such a hot market right now and everything is way overpriced. I've wasted a year and a half now waiting ...
Marquis W.
collecting rent bi-weekly through payroll deduction
Hey BP, I am considering renting a property to a co-worker and would like to get rent pulled directly from his payroll into my account which he is agreeing to do. I like this method but a bi-weekly payment is also a p...
Robin Hines
Real Estate Attorney--Cleveland, OH
I am seeking recommendations for a real estate attorney in the Cleveland, OH area. To provide a brief summary, you know those emails you get about doing short-term private lending secured by real estate as an easy, pa...
Greg Miller
Rookie Question - Equity for Down Payment, and Rental Possibility?
First post, looking for some guidance on what steps to take and if this is an achievable goal. Thanks in advance!
We bought our first house in 2019, and refinanced in 2020 at 3.25%. We're outgrowing the house and are...
Tom Kilburn
New possible tenant
Hi everyone!
I purchased my first rental. 2 bdrm in a small town. Interesting call today from a potential tenant: she lives in Canada and has almost 2 yrs left in her contract and then will be moving back to this ar...
Tyler McDaniel
Hard Money for Purchase Only?
Has anyone used a HML for the purchase only? I would rather pay for the rehab with my business lines of credit to save money. How would this affect the reserves they want me to have? Thanks in advance!
Tyler
Miguel Zapata
Cash Flow or Equity Play
Hi BP, I have $100k. I can either pay for two SFHs with good cash flow, or use the money as a down payment for a multi family in a trendy but expensive neighborhood here in Chicago. The first is a cash flow play, th...
Adam Byrne
Realtor asked for advance on commission. Ethical violation?
Hi BP!
My realtor in PA begged me to advance her several thousand dollars in cash before closing on a portfolio of properties in order to pay her personal bills. Due to some complications in closing, we only ended up...
Miki Jovanovikj
Foreclosure attorney needed
Hello BP community, does anyone have a good referral for a foreclosure attorney in state of Florida due to a buyer defaulting on the payments. Someone that can help to reverse the deed back to original owner. This is ...