Francisco Tejada
why buy a NPN in 2nd position?
From what I know about short sales, usually 2nd mortgages only get about 1K regardless of the amount owed.
Also I've read that it's not advantageous to start a foreclosure action when there is a mortgage ahead of yo...
Alan A.
Positioning oneself for first loan: Claiming taxes
Hello BP.Thanks in advance for taking time out of your day to consider my question.I am trying to position myself to obtain financing for another rental property next year.I currently have one rental property, of whic...
Adrian G.
Reporting positive/negative rent to credit report
I was asked by a tent who was paying on time if I could help his credit out by reporting it to the credit bureau's. I heard of this being possible but does anyone know how or actually do this? Any info would be great ...
Cosmo Iannopollo
What Would You Do In My Position?
Calling on the collective brain power of the BP community. As you have all shamed me through your ability to act and your knowledge to bring deals together, I come to you hat in hand, a frustrated yet anxious man. My ...
Michael Johnson
Theres absolutely positively no way ..... is there?
Michael Johnson, unproven; yet serious.I walked into a local real estate office and chatted with a lovely realtor named Annabelle. After 15 or so minutes, boom she invites me to her office and we started looking at th...
John Dare
Positive ROI hard to find in Toronto
I want to buy my first property in Toronto (duplex/triplex house-hacking). When I crunch the numbers its hard to find positive ROI in reasonably central Toronto. Once I look outside Toronto I can find a good ROI.
Is ...
Brendan Couture
Implications of Buying HELOC in 2nd Position
Looking for some help. I’m looking at buying a secondary lien (HELOC) via foreclosure auction.Would I then have the right to pay off the first lien and own the property outright? That would be my goal.The owners have...
D C
Cash positive rental properties or leveraged debt ?
So I have $200K liquid in the bank (I have my own company) and I earn about $260K a year (before taxes).
By my calculations, if I buy a $250K condo in a well sought after part of the city, and pay it off COMPLETELY i...
Mason Richard Sherman
Stuck in a good position. Need input!!
Im a 20 yr old kid and basically I’m stuck between going to school or becoming a real estate agent/investor. So my dad owns a chiropractic practice that is very successful. I could either go to school and take over hi...
Jeff Stansberry
Advice to make a positive cash flow
Hello,My first and only rental property I purchased in 2007. It is a 2b/1b 2 Unit Duplex and was purchased for 240k and now worth 130k (for obvious reasons). Due to the recession I had to lower rents to stay competiti...