Sergey Pshenichkin
Any advice for someone with low income to find their first home?
Hey BP folks! I'm a long time fan, first time poster. I hope I'm in the right forum. I bought my first home last year in December, mostly to get out of renting (it was a condo in Montgomery County, Maryland with a low...
Scott Wilkonson
Using Software Engineer to Aggregate Data?
I'm looking to use large-scale data scraping to find deals. Has anyone done this before or would be interested in doing it? I'd love to hear ideas on what parameters would provide value. I'd also love to discuss wh...
Dennis J Marsack
BRRRR strategy Refinancing Question..
Hello everybody!My Fiance and I were recently discussing possibly taking out a large personal loan to be able to purchase an investment property cash to try out the "BRRRR" strategy. We are just starting out so we don...
Lou T
Is Age a Problem
Hey guys I'm a new member and I'm currently 17 years old (18 in 5 months) and I am interested in investing, especially real estate since its the most profitable. I Recently attended a free rich dad seminar and signed ...
Maugno M.
Bank wont let me BRRRR. HELOC ONLY. HELP!
I have a home i bought and nearly finished rehab. Started doing my paperwork to do a cash out refinance and back says i have to treat this as a HOME EQUITY loan. It still is a 80%ltv but max is 20year. They said i nee...
Tim M.
Offer made - then owner filed bankruptcy
I made an offer on a MF short sale in PA - was a solid offer, at least 85%+ of appraised value. 2 months later the bank finally reviewed it and verbally advised my agent that they would be accepting the offer. We have...
Matt A
Deficiency judgement after a short sale
Hello CTC,
I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...
Daniel E.
Borrower Fighting Foreclosure: Part 2 - Mediation Request
Borrower has now requested mediation. What should I expect with this?We have long been proponents of renegotiating the mortgage. But the delinquent property taxes are too high.Borrower's take-home pay is ~ $1,500 - $2...
Justin Wilcox
How to reject an applicant for rent?
I have a room for rent and I happen to know that the person who wants to rent it would not be a good tenant because they have had not paid their rent in the past and cause problems for other tenants. It was not docume...
Russ Wahl
Refi issues! BRRR complete and now a bank surprise!
Has anyone ever run into this issue and how do we navigate it? We bought our first BRRRR deal as a bank foreclosure. Took weeks to clean it up and months to rehab. We fixed it up and put tenants in it and got an appra...