Michael Williams
Making offers on properties without pre approval letter
How would I be able to make offers on multi family properties in my area without a pre qualification letter from my lender? I have a family member who will loan me the down payment on a multi family property, they hav...
Peter Farrell
Florida HOA sale..Robo signers, Statute of Limitations
I am about to buy a HOA foreclosure Condo at auction in Florida and have some questions about an existing 1st mortgage. Involves Robo signing, Statute of Limitations, show me the note:
First a lit...
Jacob F.
Booking.com - Is it worth it?
Hi all, who has used booking.com and have you had success with it? The system seems very clunky and they have a non-existent support for property owners/managers from what I have encountered. If anyone is using it, ha...
Robert Livero
SUBJECT TO VS LEASE OPTION
HI ALL,
A FRIEND OF MINE HAS A PROPERTY THAT IS A BILEVEL THAT THE OWNER WANTS TO TO GIVE ME THE PROPERTY SUBJECT TO THE LOAN ( I'LLTAKE IT OVER), FOR 272K , PAYMENT IS 2017.94 PITI (RENTS IN THE AREA ARE AROUND 1500...
Bhaskar Upadhyayula
Tenant trouble in Austin
I own a 4-plex in Austin, TX. Yesterday night, cops arrested one of our tenants. We came to know through another tenant that cops were on the property. Digging in to public records and calling police, we found that te...
Jeremy K.
Rookie question - loan mod
Just doing my research and wrapping my head around NPLs. I have a question about the timing of the modification:Example: my borrower has 10k in arrears, and an interest rate of 12%Let's say I call him up and we agree...
Kevin Roberts
1st property - Help with best way to close w/ owner finance
The purchase price is $38700 and I plan on putting a down of 35% = $35545 and having the owner carry the remainder for 12 months with equal payments and 6% interest. What is the best way to close on this property incl...
Alex Moazeni
Teanent moved out without paying rent.
Hi.I have a teanent which she didn't pay the rent for the July. I was trying to start the eviction since my lease said I need to wait 30 days. She reached out to me couple weeks ago and was asking if I forgive the ren...
James Hughes
Subject-To vs Land Contract
Hey guys I need some help! I have a 4-Plex that the owner is willing to seller finance the note for me. The purchase price is $750k and the owner has a $150k mortgage on the property. If I purchase the property I have...
Hassan Muhammad
Hard Money Loan basics
Good day rehabbers.
Can someone explain the general process of how to Aquire a home and rehab it using hard money?
Can you address these questions please:
What percent of the loan do I need to come up with?
Will th...