I received an offer for my property where he would pay my equity (300k) then use an "All-Inclusive Trust Deed" to make the payments on my mortgage (900k). He also suggested a 25k escrow account to make up to 4 pay...
First of all, I apologize for those of you primarily looking to help people out with actual problems or decisions on their hands, because I don't have either of those. I am simply looking to learn.
If anyone would pl...
Long time lurker, first time post. Bought a home as my primary residence for 400k in 2008 in UT. I added 65k in improvements, and started renting it out in June 2014 when I moved to NC. My tenant in UT wants to ...
Hello all;
I am new to this board and to REI. I am interested in being a buy and hold investor. I have a couple of questions I hope the experts here can help me with:
1. When I am looking at the properties on the ...
Any attorneys on here who specialize in probate in Virginia? I am trying to figure out how to buy a SFH property in a small town in SW Virginia, but the probate issues seem to be a tangled mess.The property is unique...
We are just starting down the RE path and have a ton of questions. Before I can find the answer I have thought of 3 other questions I need answers to. Just trying to avoid any massive mistakes that would sour this buy...
I am interested in a foreclosure auction and had a PRELIMINARY TITLE REPORT ran on the property.However i am having trouble understanding it. I XXXX'd out the names:Can someone dumb this down for me?Outside the costs ...
Hello BP !!! this might be a bit long but please read along and help out a fellow newbie investor. I am in the process of obtaining my first flip deal. The seller's realtor has been in the business for 20+ years, ther...
1. If I offer a tenant $500 cash for keys, do I also give them the security deposit even though I don't have rent late into the month?2. When exactly does one offer this? If grace period ends on 5th of month, sending ...
Hi Chicago folks. Could you shed light on the following scenario:
- Tenant on a year-long lease that ended August.
- Tenant continued to pay rent September and November.
- No new lease was signed.Two questions (on...