Does anyone have a purchase and sale agreement for buying/selling a property as-is with a quitclaim deed? Cash transaction, deposit held by seller, no title insurance, etc. Title/lien search is being performed, s...
Hi everyone, I’ve been trying to figure out how it’s possible to get financing for a first investment property when I already have my primary residence and it eats up my available DTI (I bought it before knowing anyth...
If I executed a Promissory note for $350k and concurrently a Deed of Trust that secures 3 properties up to $350k and if this is the total obligation owed to a lender, can the lender still hold a previously exe...
Must annual contracts be upheld after transfer of ownership?Scenario: Closing on a storage facility. A few annual leases in there at under market rents. I was going to leave them in place; however, this weekend the...
First off, thank you to this forum. Through advice given to others and lessons learned, y'all have helped me build a fairly solid list of rules/regulations for my future 4-plex. The issue today is I'm worried about sc...
Hello,
I have been fine tuning my plan to seek Private Investors (all of whom I know personally). I want to make sure I have thorough, accurate, and easy to understand answers to the questions I anticipate th...
Hi All,My Wife and I recently acquired our 1st rental property and inherited long term tenants along with the existing lease. Now the lease is set to expire soon and we'd like to increase the rent and incorporate a co...
I've been considering getting into note investing but was told to avoid it because of the dodd-frank act could be a big problem. What is this act and why is it a problem for note investors?
Federal policy makers want to keep you from buying and profiting from openly traded non-performing notes (NPN). The bias is against private investors who purchase 1st and 2nd mortgages of delinquent homeowners in favo...
Lets see how much thought is going to go into this housing / bank bailout . . . frankly, I'm starting to think that the move to make is to stop paying the mortgage so I can:
a) Get "bailed out"
b) Renegotiate my loa...