Sean Dougherty
Negotioating second lien on a shortsale
Thanks ahead of time for any pointers or advice. I am in contract on a short sale. Junior lien came up in title report. Ditech is 2nd lien holder. SPS is senior. Seller has already qualified for short sale with SPS. N...
Hugo G.
tenant screening
Would you rent to a 35 year old attorney with 370,000 in total debt? (including 270,000 in student loans whose payments were supposed to start in June.) Person makes about 6000 month with a state job. Rent is 1600 a ...
Terry Moll
Finally Found a Deal in my area w/ no money to invest. Now what?
Hello BiggerPockets Friends, After searching for a few weeks now, I have finally found a deal in the Eastern PA area, and I am looking to buy and Rent out. Where do I go to find an investor to collaborate with? Th...
Jonathan G.
Purchasing vacant warehouse to lease~50% down. Financing options?
Hello all! I'm new to the community as well as commercial real estate. I like the community a lot and appreciate how giving you all are with your knowledge. This is probably my new favorite forum! Please forgive my ig...
Keith Krass
Newbie Financing Challenges
Hi everyone, first post here, so forgive my lack of forums knowledge.
I just closed on my first property , a 75% rented (upgrading one unit) four-plex with some good cashflow. I found a deal on a second property ...
Stephen Schott
Taking out an equity loan. Credit Score impications??
So I am taking out an Equity line of credit on my home. I purchased this house for 27,850 2 years ago in all cash. I rent out the basement and am still currently finishing up the top floor. After much sweat equity an...
Yuval Tsur
Nonpayng tenant waiting for a court date - looking to expedite
Hi I have a rental in a low income area in Rochester NY, where the tenant stopped paying three months ago.14 letter has already been served and deadline passed, now waiting for a court date. I assume we're talking 2-5...
Bryan Findlay
1031 exchange would get me new rentals and cash flow but no loan?
My Credit is 765, my wifes the same /part time nurse- I have 80K saved, DI retirement $1043 monthly for life, I own 3 homes (2 rentals and 1 primary) which is my only debt. One rental in CA that is worth 180K more t...
Gary A.
2nd Lien, Borrower Made a Payment. Still Enforceable?
Hello,I've come across a 2nd lien which is a well drawn up note that the borrower never paid on. Payments were due from '08 - '13 but the borrower told the lender he didn't have the money when it came time to pay each...
Mark Gerlach
Investor/potential property manager
Hey, all.I recently bought my first property, a multi-family that I am house hacking. 2 units currently, with a third floor that used to be a unit and will be again. I’m living upstairs with a roommate while I Airbnb ...