Chris Martin
When will Opendoor close its doors?
The homebuyer/flipper company Opendoor Technologies (OPEN) is starting to look like a zombie company. Last quarter, they produced negative gross margins (-12.6%) and lost $928 million in operations. Their market cap (...
Isaac Black
Home owner filed chapter 7
I found an individual in Missouri who has recently filed a chapter 7 bankruptcy. I do not yet know his situation, be it divorce, lawsuit, etc. My question is if it's possible to approach the home owner and inquire abo...
Austin Negron
Using a Gift to Pull Off Househack
Learnt some interesting stuff today. For using an on 3&4 unit MF, you cannot use a gift as cash reserves. I believe you need at least 3 months of cash reserves (at least according to 1 lender). BUT! You can use th...
Andres Piedra
Judgments: Sending a "This is what it means to you" list
I couldn't find one on the web or in the files on BP. Does anyone have an off-the-shelf list of ramifications for an ex-tenant who doesn't pay the judgment? I want to include something like that with the letter I'm...
Scott Passman
Answers to common basic REI questions I see on the forums
I thought it might be helpful to post a quick list of many of the common REI questions I see posted on here that are fairly non-specific and have similar answers across the board. While I am no expert in real estate,...
Luis Barberi
Help Evaluating Property
Hi all,New to multi-family apartment. I need some help evaluating a potential multi-family. 24 unit in 1 building apartments in North Carolina. Currently 100% occupied. Looks like shared expenses for electricity, ...
Jonathan Valdes
Mortgage Denies my loan
Hey BP!!!So I’ve had this amazing duplex under contract since May 2019. All parties are ready to close. My lender is now telling me they will not give me the loan to purchase the house. Their reasoning behind is I “do...
Peyton LaBarbera
Difference Between Loan types pt2
What is the difference between portfolio loans and DSCR loans? Or are they the exact same thing?
James W.
Second Place Foreclosure Question.
HiIf I buy a foreclosure from the second position for say $200,000, subject to first mortgage of lets say $300,000, and then the first position forecloses - my understanding is it forecloses the original owner, and no...
Andy Wu
Pay which houses down first?
I have both first and second mortgage of my primary home. The second mortgage rate is much higher than first.I also have several rentals which have either 15 year or 30 year loans, they have different interest rates.I...