I am looking to venturing into purchasing a pre-foreclosure property in Philadelphia and I was advised to go to City Hall to find the Lis Pendens or Notice of Default (NOD) filings. Once in city hall, I visited Depart...

Hi BP,I got my termite inspection report today. It shows evidence of past termite damage with no professional treatment. I'd like the seller to pay for this treamtement ( $700 ). It's a Fannie Mae owned property. I ju...

Hey BP,I am spoke with my current lender, and they only allow up to 4 mortgages. I found out that I can get up to 10 mortgages by using a “portfolio lender”.Are there ways that I can have more than 10 concurrent mortg...

Has anyone else noticed houses drying up compared to the past couple of years? It seems like there is barely any inventory on HUD properties and REO's. What could this mean?

I unloaded a couple of rental properties last year via owner finance.  I originally bought these with 30 year Fannie Mae mortgages, and the loans I extended to my buyers "wrap around" the Fannie Mae mortgages, which I...

I've been a landlord for about 7 years, but I have what might become my first eviction case. Unsurprisingly, the middle of a pandemic is not an ideal time to deal with this. I have a triplex and two units have been co...

Is it possible to find a fixed interest rate + 10-30 rate term + 25-30 year amortization + mortgage on multi family properties? I noticed Fannie Mae has loans for properties with loans at $1 MM+. What about properties...

When first starting out do you guys get a loan under your personal credit or LLC and if you go personal how do you go about transferring it to the LLC later if there is a due on sale clause?

Correction: FDIC
http://www.fdic.gov/bank/individual/failed/silverstate.html

On September 5, 2008, Silver State Bank, Henderson, NV was closed by the Nevada Financial I...

Hello,
Currently looking for a lender who can lend on a single wide mobile home and land. This loan would be as a second and/or investment property in NC. From my understanding is Fannie/Freddy only allows lending on...