Carl Gryska
Reverse Mortgage Short Sale
Can anyone out there recommend an AttorneyIn the Syracuse-Utica area that is experienced in the purchase of a SFH thathas a Reverse Mortgage that is also upside down (Short Pay) ?
Marcus Porchia
30 to 90 days on short sale flip
Hello to all BP members!
I'm a new investor I and want to go after short sales and foreclosures and flip them to a end buyer but from what I understand there is usually a 30 to 90 period before you can sale the proper...
Raju Balakrishnan
Property taxes for Apartment building in Cleveland
How do I figure out what would be the property tax after sales/closing for a property in Cleveland MSA? Looks like tax valuations reset to sale prices in some area, whereas in others it does not reset. Does it depend ...
Ryan J. Shope
1031 Exchange into Different States
Hi all,I purchased a 2bd/1.5br townhome in Summerville, SC nearly two years ago and am thinking about selling it and using the capital gains to invest in Seattle, WA, where I'm living. The townhome is currently estima...
Matthew Barnett
Multifamily Cold Calling
Let's be honest we all dread cold calling, my goal is to outsource this ASAP. What are some ways you guys have gone about this for multifamily? Should I hire someone local and give them a percent of the acquisition fe...
Dionne Coward
1031 Exchange- Seller Credit
Does the seller credit I get on my closing statement in a 1031 exchange "reduce" the purchasing expenses or do I reduce the sales price (fmv). These tax softwares do not make it clear where to enter what.
Jerrold Stallworth
Contract Sales vs. Lease Options. Which is better?
Good morning all,
A local experienced investor recorded a seminar where he vigorously asserts that a Contract Sale are a much less risky and more fairer to both TB and Seller than Lease Options (he states t...
N/A N/A
foreclosure financing
who here is having luck getting financing for acquisition and rehab of foreclosures? If anyone would be willing to share sources of money which is hard to find that would be greatly appreciated
Austin Freeman
Short Sale Dealing with Chase Bank
Hello BP,
We are trying to work with Chase Bank on a short sale. The existing mortgage is around $80,000 and we offered $25,000. We sent a preliminary letter of disclosure for potential short sale and are waiting to h...
David Styles
Soooo confused about how to set up a closing
Okay, when working a short sale and the bank accepts, how do I go about scheduling a double closing with a title company?
Here is a make believe situation:
-Sellers sign contract and other info needed to get bank to...