Gary Soble
Owner occupied bank statement loan after quit claim deed
I have just quit claimed my deed from my father. He still has a mortgage I want to refinance to payoff the existing mortgage. Home value is 225k. Balance on mortgage is 95k. Is there a tike period I have to wait ...
Connor Williams
Assuming/taking over a mortgage
My wife and I want to purchase her moms house and let her live there rent free. We would be purchasing it for her mortgage amount. We can’t assume the loan. What can we do to avoid the 8+ percent interest rates? Add o...
Tyler Walker
Sub2 strategy and Due On Sale clause
Hi Everyone,I have a motivated seller with two properties (a duplex and a condo) in Columbus / Central Ohio area. Units have renters, but he wants to retire and be out of the game. He is willing to do a Sub2 the exist...
Benjamin Small
Pull Cash out of Fully Paid Property, Jax, FL
I need some ideas, thoughts and recommendations on pulling money out of a property. I haven't been able to find a lendor in my area that will lend on HELOC on the property. I would like to pull money out of a fully re...
Austin Davis
Subject to, lease option, wholetail?
Hello, BP!Over the weekend a motivated seller found my name via google (I assume my BP profile came up) and wanted me to help them get out of their condo in Cedar Rapids, Iowa. I have some ideas on how to create a wi...
Bruce Shilander
New to community...
Hey Everyone!I am new to the community, first joined October 2014. I am searching for homes in South Florida for my wife and I. Specifically I am looking North of West Palm Beach to Sebastian OR South of Sarasota to N...
Renee Jones
Subto Purchase w/ Existing Tax Lien
I am planning to purchase a property subto the existing mortgage (50k left) and current tax lien (65k). The delinquent tax contract offered the seller can be paid of at 1k pr/mth for the next 5 years. If I close on th...
Qwesi McCray
"Rate and Term Refinancing" with Cash buy
I'm looking for creative exit strategies for buying properties cash.This is what I understand. Please correct me if I'm wrong. When purchasing a turn key property cash at a discount I could cash out refi after seasoni...
Josh Nabors
Creative ways to Purchase a property.
I have found a property that is in need of some work. The seller is VERY motivated to sell and hasn't been able to make the mortgage. Unfortunately, I don't have enough to have 20% down. However, I did qualify for the...
Account Closed
How to structure a deal that allows the seller to pay less taxes
I have a lead that is considering selling. It is an SFH that he has not lived in for over 5 years. The seller wants to avoid capital gains taxes. I will give him a 1031 Exchange as an option. Anything else?