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I found a home in my area. Beginning of a short sale. She owes the bank $121k. ARV $220-240k. Its not listed yet but the realtor called me and told me about the deal. She said if i would buy this house that she would ...
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4 months ago I quit my 9-5 job 1 month ago I decided to pack everything and relocate to houston and pursue my passions in financial literacy, football training and real estate.I’m involved heavily in the first two but...
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Just curious - are people still actively purchasing rental homes in the current market? Or are you guys holding onto your cash to see how COVID-19 plays out?
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Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...
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Hi guys,Anybody have a kosher way to work within a 7-day minimum stay statute?"LESS THAN 7 DAYS PROHIBITED: Short-Term Rentals for less than 7 days areprohibited."
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I have received a contract outlining a loan I would make to a borrower for 50k short term. Would someone be willing to review the contract and provide some advice and feedback? Thanks community!
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Hi, I have nice 3/2 house just outside of Birmingham in a great neighborhood. The ordinance requires 90 days or more to not fall within their short term rental ban. I have other medium term rentals in TX that tend to ...
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Hi Everyone,
I have a question I was hoping some members could shed some light on for me. I own a few rentals that I purchased with investment loans that I will soon be converting into short term rentals. When I do...
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Has anyone done a L/O on underwater property?
How does this sound:
If lessee/buyer/tenant exercises option, make the sale contingent on bank approval of short sale. If the s...
This episode could make you $40,000. Seriously, one property management mistake cost our own expert investor, Dave Meyer, anywhere from $30,000 to $40,000, BUT it’s easier to avoid than you think. If you’re a rookie r...