Tony Severino
April Foreclosure Rates Up 32%
Well, as the pinheads in the media tell the world there is a glimmer of hope and the economy may be starting a turn around, one in every 374 houses received a foreclosure notice last month. Hmmm. That is even higher t...
Dave P.
Experts, care to make a wager?
I have just started the negotiating of a short sale. The purpose of this post is to hear from the experts the likelihood of success for this deal. My headline may look a touch confrontational, but it's not at all. I j...
Brandon Kingcaid
Eviction under the CARES Act
Hello everyone. I’m in the middle of closing my 1st deal with an FHA 203k loan in the middle of all this madness. It’s a triplex with 3 tenants that have not paid rent since February. The property needs 135K worth of ...
Account Closed
New credit report rules require 30 months of payment history
Just saw this story here: http://bit.ly/2d6Px2RThe gist of it is that beginning tomorrow Saturday 9/24/16 lenders will now consider a mortgage applicant's payment history over 30 months to determine their credit worth...
Donald Spivey
Strategy: Rehab Plus By and Hold
Here is a strategy that I am looking at:Rehab and resell homes plus by and hold.50K to investPurchase 30K houseRehab 20KSell 100KPut away taxes and savings off of house one and bank the profit. Rinse and Repeat...Ever...
Tammy Spearman
Purchased a HOA foreclosue, now what?
We are in FL. Without knowledge purchased a HOA foreclosue with a 1st lien. The 1st lien is in pre-foreclosure. The homeowner's were in the process of negoiating a loan mod so the foreclosue is on hold. I dont thi...
Kel S
Pictures of our 2nd Investment Property (WOO HOO!)
We closed on it yesterday! It's a 2b/1b. It's a cute home I think. As you can see the kitchen was
gutted so we have to put new cabinets
and counters in. Also fridge/stove.
One thing we discovered today was the
cen...
Steve Hucke
Could use some feedback
Hi all,
This is my first deal since getting back in the game after a 4 year break. I recently won an auction for a 2br condo from Fannie Mae. Purchase price was 37500. Conservative FMV is 62000 after about 2000 in upg...
Peggy Liu
Insufficient HOA insurance replacement cost coverage
I've been trying to refinance my investment condo in Austin since the beginning of May 2014. There are no problems with my application. Everything passed, the finance documents, credit score, appraisal, etc.. Howev...
Jacob Sherman
Debt to income ratio
Im new to real estate and I’m hoping to purchase my first property soon, but trying to get my ducks in a row first. My question is this:If you purchase a property within an LLC with a conventional loan, and I personal...