Manuel Sarabia
As a Junior lien holder, can I pay the 1st mortgage at a lower am
As a junior lien holder, can I negotiate with the bank on senior lien to pay it off at a lower amount? Is this a possible strategy?
Amir B.
Deal Analysis on Duplex
Hello BP Community,I made an offer on a duplex and it was countered. I want to know what is a better deal for me.http://www.realtor.com/realestateandhomes-detail/2...I made an offer for asking and closing cost covered...
Tim Hertz
Paying sister and friend to help on rehab
Hello all,I am doing a rehab and I have a sister and a friend I want to hire to help. They will make over $600, but this is more of an "under the table" cash deal. Can I claim $595 (avoiding 1099 minimum) and not clai...
Jordan Stenholm
What is the most under-rated and impactful book you've read?
For me, it's been "Do the Impossible" by Jason Drees - who also happens to be Brandon Turner's coach. Brandon has a foreward in the book that is really humbling and inspiring. He explains how critically important it i...
Joe Au
Use HELOC to paydown mortgage fast
I want to build equity with my primary home as soon as possible. And I came across a method using HELOC to reduce the interest paid to the mortgage. Does any one have experience with it?
Brad Spies
Brrrrrr
I have a foreclosure I'm buying for $55,000. I would like to use the brrrr strategy. My lender is saying if I pay cash and then rehab and it appraises for 90,000(equal to other comps in the area) I would only be able ...
Ty Primers
Buying Subject to with equity ?
Currently looking at a deal I want to buy subject to, which has about 40k in equality. I was wondering how would you go about working out a down payment (if needed) when proposing the offer to the seller?
Cedric Zebaze
Purchasing a 5+ unit
Hey Bp!In the future(5 years+), partnership or myself, I would like to be qualified with a portfolio lender to finance a 5+ unit. What are the financials and track record requirements that lenders like to see?What is...
Mark Cohen
loss of rent insurance
I know there is a concept of loss of rent insurance if there is a fire or something. My question is if there is a concept of an insurance policy that will guarantee a specific noi number.For example if I am buying a ...
Kevin Nichols
Hot Water Heater ("Too small")
We have a duplex where on one side, the previous owner moved the hot water heater from the attic down to the small kitchen and made it an under cabinet installation.It's pretty small....probably 30 gallon, electric.Te...