Jacquelyn Revere
Newbie - Underwater Home, First Time buyer, What Should I do?
Hello, my name is Jacquelyn, I've been listening to the podcast for a while but this is my first post. This is a long question, hopefully you guys can help me understand the best move to make. So, I want to invest. Ho...
Larry Flanagan
Rental underwater, want to sell, would bank short? Other options?
I owe like $80k on a rental that is worth maybe $60k. It has been a dog for years and costs me money each month. I have owned it for almost 10 years and would just like to get rid of it. Is there any chance the ban...
Dave Salcido
Can you cash flow an abandoned, underwater, rejected short sale?
I already know the answer is yes but let's evaluate, discuss and see how many variations of a workable solution we can create.
Stephen Williams
Mature Commercial Loan, Balloon Due, Way Under Water. Help Please
Hello there, I'll try and make this brief. I am a bit out of my depth here but my father has asked me for help so I'm doing my best. Basically to dumb it down in 2005 my father bought four properties right around the ...
Courtney Rollins
She Wants to Sell, But Underwater-How Can I Help?
Hi all,I've been in conversations with a motivated seller that I'm not sure how to help. She owns a small triplex that ARV's at 315k however she's told me that she owes 390k to the bank. She is tired of being a land...
Marianne Lopez-Henthorn
Should I Buy Investment Property If My Personal Is Underwater?
My goal is to purchase my first real estate investment property within 1 year.I have a well-paying job, good credit, no consumer debt (just my car, which I'm working to pay off), and I am working on a 20% downpayment ...
Joe Gilroy
Best way to get away from homes that are underwater ?
My friend has 2 homes, the first is his primary residence, and has a current market value of 370k, and he owes about 360k on the mortgage.
The second home is his vacation home, that is vacant, and has a current marke...
Mike Buckley
Is it possible to buy an underwater reverse mortgaged property?
Hi, I'm currently talking to the heirs of a great potential brrrr property. The owner died with a reverse mortgage balance much higher than the value of the home. The heirs do not want anything to do with the property...
Breon Smith
Can I wholesale an apartment if its underwater in mortgage?
Hi everyone, I'm new to BP but always reading posts to get answers and I'm wondering if I can wholesale an apartment (quadplex) if its underwater. The owner says the mortgage would be their problem so I'm assuming the...
Kyle W Wright
Need Help! I have a motivated seller but house underwater...
Hello everyone, I have a motivated seller who is in a tough situation and seems like she just wants to get out of the property and avoid foreclosure. ARV on the property is around 925k and somehow the owner managed to...