Here's the deal: I would like to borrow about 70-100K from Mom and Dad to buy and fix up a property that I will hold and rent out. We're thinking about a 30 year loan at 5%. My parents are retired and would just li...
Forgive me if this has been asked already, I couldn’t find a similar thread in this forum. Im considering a strategy that includes approaching homeowners who are listed on the tax deed and mortgage foreclosure auction...
Countrywide Financial, the top U.S. home lender, said today it’s working hard to keep struggling borrowers in their homes. So far this year, it has worked on 35,000 troubled mortgages, sometimes working out plans for ...
How do you find an ex-tenants forwarding address if they refuse to give it to you. I want to sue a former tenant for damages exceeding the security depost.
Hello all, apologies if this question has been asked before but after searching through the forums for a while I found nothing to match my particular situation. We have recently sold our rental home to the renters. Th...
I am in my mid 20's, married, a homeowner and a business owner. I have about 40k in the bank and my bills are 4000-4500 a month. Am I in a good position to start investing, or should I wait until I have more in the ...
Newbie question. Forgive me if already posted. I'm looking to start investing but am a bit confused about asset protection via LLC yet using my own funds and credit to purchase a property. My plan is to follow the BRR...
Live in STL, Mo, house is in Jax, FL. Had to move due to layoff in 2009 from Jacksonville. Due to many things, I'm now behind in payments (have renters) but there is always something wrong (air conditioner) for repa...
Hello everyone,
I am about to begin investing in notes myself, but I have a conflicting question posed by a client of mine who also invests in non-performing notes.
How do you report any gain from these...
Hey everyone!
Here's my issue. I met a seller a couple weeks ago before I had much knowledge about the business. I was interested in wholesaling his house for a small profit or around $4,000. He owes 68k on it an...