Ed Beder
Under contract for 1st rental, when CPA?
I just went under contract for my first Multifamily rental. Assuming all goes well with the close I’m in the GAME. WOOHOO!! 🎉 I have had high level discussions with CPAs already but haven’t identified one yet. I ...
Justess M.
REO sale stopped by bankruptcy
Hey. We had a property under contract and we were 2 days from closing when we found out Fannie Mae didn’t have title to the house because the owner filed chapter 7 bankruptcy within 10 days after the foreclosure s...
Fab Saiz
How to assume a note
Scenario:
Property price 32k has 20k note at 4.5% on it. I want to pay 12k cash and take over the note. Is this possible if so how?
Thanks in advance
Account Closed
HELOC on Seller Financed Property
Hello,
I am currently buying a home with seller financing, which is about 75% paid off. Is it possible to obtain a home equity line of credit on a property that is seller financed? I haven’t had an appraisal of any s...
David Gross
Utah Property Tax Lien Sale
The sales are happening this month or next in Utah. I know the process is not as simple as it appears at first and it varies from state to state. I'm most concerned about getting a clear title. Does anyone have any e...
Chris Igard
Wrap around mortgage with acceleration clause called
I have a home in Dallas with a wrap attached to it. The buyers have been in the home for 2.5 years now. They have made 2 attempts to get financing but have not been able to do so. The home sold for 400k then but is wo...
Joshua Hawkins
2nd mortgage
I'm new to this. Before I go out and start I've been getting everything all set up. I've got my investors, I've got my title company, I just have to find a realtor, and lastly I have to find a house. My question is th...
Account Closed
Title searching on California foreclosure auctions
Hey everyone, I just joined and this is my first question post. I've just recently decided to start flipping houses in San Diego and for the most part I understand the foreclosure process as well as the auction pro...
Michael Key
Can I rant about OPM
In real estate investing "OPM" is thrown around so much like it's just some magical thing. You just wish for it, and it shows up on your lap. It just doesn't magically appear. Yet in everything, it gets tossed around ...
Zac Preston
Hard Money Rehab
I'm looking to buy rehab and rent a property that needs work. I am going to use a hard money loan. My question is, is it possible to get a hard money loan with nothing out of pocket? Also how soon can you refinance to...