Michelle Artmeier
Not sure what to do - looking for RE advice
We own a LTR that is valued at about $215K, and we owe around $65K on it at around 4.5% interest rate. The taxes, however, have went up so much that we have to raise our rents to a crazy amount (~$1300) to break even....
Robert Littke
Owner Financing or New Loan
Ok, I'm going at re post this because it disappeared and in the BiggerPockets abyss. So here goes the lengthy explanation (Again).
I have a client with a $230,000 mortgage on a $260,00 home and a 6 month old bankrupt...
Joe Alonzo
Excess Procceds
Here's the deal.I called a law firm to
ask them if they could represent me in obtaining
"excess proceeds" from the tax foreclosure sale, but
they told me that only the former owner is entitled to
those proceeds, is th...
Jonathan A.
Buying a distressed apartment with insurance policy
Hi. I would like to know my fellow CRE investors of what u think. We are in contract of this apartment building in Kansas City, MO. 6 units, needs a total rehab/rebuild. Fire sale. Previous owner claimed 150k from ins...
Emma Kellenberger
Subject To HELP & INFO
How to go about Subject To? I have an opportunity on a property from a family member but I would like to go subject to route. How Can I explain this to the seller? Pros/cons... ANY info is welcome and much appreciated!
Keith W.
Should we be paying points before closing
I’m coming to the place I can trust for answers.
I was either approached or maybe I reached out to a private money lender for their terms which are 90% acquisition, 6% interest and 2 points. As a first time investor...
Grace B.
How to enforce borrower cover property insurance and property tax
I sold my rental property to my renter After two years out of five year lease. Title transferred. She paid down $50k. I thought it’s safe. I carried 240 k. She stopped paying property insurance. The insurance ...
Daniel L.
Car damaged tenant's business (my building) Any necessary steps?
Hello all,I received a phone call from the town informing me that there was an accident and damage to my property and that a police report was filed documenting everything. I was just wondering if there are some neces...
Aron Trav
Mechanical line because I don’t want title insurance
As a cash buyer, I am skipping title insurance.The title company says I will get a mechanical lien just because I do not want title insurance. Is this correct? How can I remove it?
Andrea Tapp
Can liens against a house be found out before closing?
Is there any public way to find out if there are any liens against a house you are going to make an offer ? One owner told me there may be some liens from the city for yard maintenance? but he wasn't sure. how can i ...