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Results (4456)
Kevin Hill Book Review: Under Water
30 July 2020 | 4 replies

'

Under Water: How Our American Dream of Homeownership Became a Nightmare' is a new book by Ryan Dezember, a Wall Street Journal writer and is a sharp & timely reminder how hot real estate markets can go dras...

Kevin Polite Underwater Investor won't sell
30 April 2014 | 8 replies

I've contacted the out-of-state investor several times and asked if he was interested in selling a property I discovered they had a $100k mortgage. In the condition it's in it's probably worth $30-$35K at best. As...

Spencer Tribble Wholesaling an underwater property
14 March 2019 | 4 replies

Greetings everyone. I recently met a motivated seller that is selling her home for 70k, however she owes 90k on it. Is this a property worth trying to wholesale ? If so, what would be the best way to structure the dea...

Tony T. Selling an underwater rental.
18 March 2016 | 3 replies

I have a single family home that I have been renting out for 2 years in Georgia. It was my primary residence from 2006 (I know, the worse possible time to buy) until I moved in 2014 for a better school district. It ha...

Suzanne O'Connor Home that is underwater
2 December 2014 | 5 replies

Hi, I need some help.  I have an opportunity to take over a mortgage on a house in Gainesville Fl.  The house is worth 106K but the seller owes 118K at 6.5% for 23 years.  He wants out of being a landlord and willing ...

Ricardo Dominguez Home thats under water
31 July 2016 | 12 replies

My daughter and son in law are under water with their home. They can't get any help. Does anyone have an answer for this dilemma. They purchased the home in 2006 for 170,000 with a arms interest rate. Ten years later ...

Erik Jason Homeowner underwater on mortgage
11 July 2017 | 16 replies

Hello BP,I'm a novice investor just outside San Antonio, TX. I've found an older couple that needs to sell their house, but their underwater on their mortgage. The house is in very good condition, but they've refinanc...

Sean M. Dealing with Underwater Notes
27 August 2014 | 13 replies

So I've got a good handle on non-performing notes (2nds) that are both totally and partially covered by remaining equity in the house.   Does anyone deal with or know the approaches for no equity 2nds?  Seems like a g...

Rich Hupper Wholesaling a property underwater
2 March 2016 | 6 replies

Hello Biggerpockets,I am sure this is dumb question but I have to ask if it would ever make sense or be possible to assignment wholesale a property that has negative equity.If no, what is possible?I was thinking short...

Kavi S. Buying my sister's underwater house
25 August 2017 | 2 replies

My sister is looking to sell her house and there HAS to be something I can do here. Off the bat, I'm doing this to make our entire family better off, not just myself.My sister bought a foreclosure for $230k-ish, my mo...