Jacob Beg
Will you rent to this tenant?
Hi All- The tenant was evicted in 2018, she says she fell I’ll buy repaid the arrears. I will be confirm that. For past three years, she is staying with relatives. He credit score is marginal. She has social sec incom...
Curt Smith
which loan servicer, no longer like TrustFCI.com
I do a few owner financed sales a year to owner occupants dodd frank compliantly which means re servicing requirements under DF, if you escrow taxes and insurance DF requires you to use a loan servicer. My view is yo...
Jarret Durst
Why minimum of 75k loan?
So I’m under contract for a property that I’m getting for 40k. I’m waiting on an estimate now from the GC. The estimate could come back below 75k. The problem is I’m only seeing hard money lenders offering no less tha...
Jeff Fairchild
Loan modifications
I read in a book that it can be a good idea to tell the seller all of their solutions one of which is a loan modification. It said to call their bank right on the spot and talk to them for the seller.
What experie...
Vante Jay
Is NOLA worth the investment going into 2024?
Ive scrolled thru countless forums, thru BP blogs and even tik toked as close to this question.. I’m here wanting to ask is New Orleans a year prior to the Super Bowl worth the investment? I’m looking for a 2-4 unit p...
Moncy Samuel
Late rent request from tenant
One of my tenants wife called me and said they have some difficulties arranging full rent. Rent is $1500 however they could arrange only $700 due to some problems with bank freeze. (Two months back the check bounced a...
Arthur Mayer
How would you make money in this scenario for a non-performing 2nd
So here is the scenario:First Lien is $150,0002nd Lien is $40,000FMV: $80,000Borrower is 120+ days late on both mortgages and is in Chapter 7 Bankruptcy.Assuming the Property Taxes + Late mortgages there is about $20,...
LORIE DYE
Seller financing home. What do I do next?
My husband and I live in Tennessee, and made an offer on a home for $95,000 with $5,000 down at 6.5% for 20 years with owner financing. The owner's don't owe anything on the home and bought a new home a couple of yea...
Jonathan Tavarez
Can I do seller financing after refi?
Hi BP family,I have been wondering; if I have a house and I get refinance with a bank at 80%, can I then sell the house to someone else with seller financing? In my head the refinance is just a loan with property as ...
Rashad Jones Jennings
Would This Be A Good Subject To Deal?
Seller is behind $9K on payments Seller owes $190K on the homeHome is worth $220KMonthly payments are $1,100My plan would be to lease purchase this home out with a monthly payments at $1400 month plus down payment. ($...