Ivorie Walker
Specific Subject To Questions
Hi! I’ve been diving into creative financing, reading all the books/posts, listening to all the podcasts, and watching all the videos. But I have specific questions about the steps that I can’t find the answers to. Ho...
Mark Ferguson
Complicated deal for rental. Thoughts?
I had a owner contract me about doing a BPO, long story short I may buy his house, but it is very complicated.
He has a 1st loan with Citibank with $46,000 owing and $440 payments including taxes and insurance. He...
Edward Romero
MHP refusing share more than one year income statements/rent roll before giving LOI
I am looking to buy a mobile home park and ran into an interesting situation. The disclosure of the property released 1 year rent roll and income statement but the expenses seem a bit low. I asked for 2 more years of ...
Brenda Logan
How to sell mineral rights or where to get them appraised?
This may be the wrong forum, if so I apologize. I'm administrator to an estate that has debt and we need to sell these mineral rights. I've gone to usmineralexchange.com but they said they were too small to deal with...
Sandy Uhlmann
Second Lien Question-Short Sale
If a property is being sold as a short sale, is the first lienholder/lender obligated to pay the second lienholder anything? I had heard discussions that the first lienholder usually pays the second lienholder $3000 ...
Robert Jensen
Nuisance Lien for $4k Because of Broken Facade - Vallejo, CA
I am in escrow with a purchase in Vallejo, CA. The title search revealed two liens (2018 and 2019) regarding a falling down facade in the front (about 2 feet off the ground below the front window). These amount to abo...
Mark Elliott
phantom houses
i have a question regarding phantom houses. i have bought and sold a few phantom houses. most of the time, i find it easy to find the previous owners and make a deal. usually, this involves a trip to the city or count...
Nghi Le
Loan Release Provisions
We recently got a multiple property buy-and-hold deal under contract. It's a mixture of commercial (5+ units) and residential properties. We have a lender that's willing to put all of the properties under one loan (...
Alexander Williams
Thoughts on portfolio loan…..risky or smart?
Hello BP, I’m currently working on my first portfolio loan and have some questions. Here’s the scenario;I’m doing a cash out refinance on two properties I currently own and purchasing two new properties all in one por...
Cassandra Brown
Questions to Ask Tenant References
First time landlords here. We are just beginning the tenant screening process. What are some key questions to ask tenant references? Categories include: personal references, employers, and landlords?Also welcoming any...