Kesete Thompkins
Seller Financing a Home with an Existing Mortgage?
I need your help on thinking through strategies to acquire a property via seller financing that still has a conventional mortgage on it. I've heard of wrap-around loans and situations where you take over someone's pay...
Robbie Pollard
Just Closed on a REO yesterday
I closed yesterday on a REO. The bank was asking $39,900, I offered $24,230. My realtor came back and said they had mulitple offers, so I raised my offer $26,500 and they accepted.
I think it was a good deal, but...
Troy Smith
Rehab to increase home value
What things should I upgrade in a home to increase the value the most. Trying to get the ROI as possible.Thank you
William Vreeland
Section 8 Indianapolis
I've been speaking with brokers and property managers in Indianapolis and hearing mixed reviews about Section 8. Some have mentioned issues with the Indianapolis Housing Authority, including delays in payments and cas...
Denny Robert
How to write a "subject to" on offer contract?
Hi All,I have an interesting deal in front of me. I found a seller who is behind on payments and is willing to sell "subject to" us taking over their conventional loan. I have an investor partner who will catch up and...
Rouble Matta
should I buy a house with a sliced off family room
First time homebuyer, looking to buy a home in a relatively weaker, smaller housing market in Virginia. The home me and the Mrs. have settled on, is yet to be built but we like the model and a similar home that was re...
Jesus Gonzalez
How to transfer title
My dad has owned a property for 10+ years, and he hasn’t done anything with it. So it needs to be torn down completely, and I want to buy it from him. He paid $35,000 for it, and it’s worth around $100k today. When I ...
Ellie Narie
USDA Direct loan and airbnb or rent-by-the room strategy?
Does anyone know much about USDA Direct loans? Let's say I have a low enough income to qualify, and want to use it for construction. Here are some questions: 1. I know that I can't build an "official" multi family hom...
Tim Wade
Sandwich Lease Inquiries
Hello BP!I recently discovered Sandwich Leases as a way to ramp up my inventory for my vacation rental business. Sounds super efficient and interesting.Anyone have experience doing this?@Brandon Turner any chance you...
John Dillon
Government Fixed Interest Rate Program
The recent Program announced in Washington is more "smoke and mirrors" than actual relief for the sub-prime borrower. In the end, very few sub-prime home owners will qualify... and if they do, has anyone yet found out...