Isaac Black
Buying Home Pre-Forclosure, Real Estate Attorneys Welcome
I have an extremely interesting situation in front of me. I found a home that is pre-forclosure and set to sell at auction in 10 days. I have contacted the home owner and found that he is 6 months behind on his mortga...
Jack Plantin
How to structure this deal/partnership?
Looking to buy a SFR and either flip or BRRRR it. I have 30k cash.
Purchase price: 75k with 20% conventional loan + 5k closing costs. So around 19k out of my pocket for purchase.
I would take out the loan and he wou...
Patrick McGowen
trustee sale question
Say there is a property up for trustee sale auction, being foreclosed on by the first mortgage company. The minimum bid is for the total of this first mortgage. The title search revealed two other liens. The title ...
Ryan Duffy
LLCs, Bank Accounts, and Self Management (STR Property)
Hi all,I am closing on my first investment property in the next few weeks (state of AL for reference) and would love a bit of advice regarding the best way to run the STR business. I am purchasing this property with a...
Inderpal Chadha
Selling with Owner Financing
HelloThis question is about structuring a specific deal. We have a house in Mt.Baker Seattle area which we have remodeled and is worth $650,000. We have a buyer whose credit has been damaged by the bank and they have ...
Shaun Mcdonald
Advice on financing first STR
Hi all,New to the forum and have been doing plenty of reading through other threads, but have a bit of a unique situation I'd like to get some takes on.My wife and I currently own a house worth about $750k with a rema...
Tina Peters
Proper accounting methods?
Hello BP community.....I'm looking for guidance and recommendation for best practice in how to account for property equity and principle payments. Currently for tax purposes, I track all mortgage interest etc, however...
Bill Schrimpf
Bankruptcy and Foreclosure Wait Times
@Brandon Turner - I just watched the recent webcast replay and you made a great point. I should give back to BP. I'm going to by contributing some of my hard earned knowledge.Following is something I have learned bu...
Adrian Smude
How do I find the mortgage balance?
I am trying to find the mortgage balance owed on a property, I was told it's public records on the clerk of court website but I don't seem to see it...? I'm looking in Hillsborough county, FL.
Ryan Keenan
How to file income property's in tax season to benefit the inves
hi bp,In regards to your schedule e and filing your taxes is there a special way file income properties in a way that will help you buy more? I've been fishing around and trying to see about getting a fha loan in a fe...