Steve Hodgdon
Beware Brokers Promising Sunshine and Guarantees
ust had dinner with an experienced note investor. Told me a story of a fairly well known broker/investor who sold him a contract for deed claiming asset value $70k. paid 35k. Note was current. Immediately went into de...
Justin F Leberto
Refinance difficulties due to Fannie Mae guidlines
Hello BP, One of my properties is under a VA loan and has a lot of equity that I would like to access to pay down credit debt. I have tried with two different lenders ( Quicken Loans & Freedom Mortgage ) to cash o...
William Haller
Eviction Broome County (applies other places)
Earlier this year, I was facing an eviction situation. The tenant had DSS pay a couple months, but lost services and stopped paying. I learned a lot and took care of it myself. A consolidated resource could have helpe...
Rian Ash
Seller too eager to cancel
Hi BP Members,I am in a not so common situation right now. I got into contract to buy an apartment in Contra Costa, County California around 26 days back. We got into contract as soon as the property came on the prope...
Jason Wilson
Break It Down Please O_0
I dont understand the purchase agreement and how it should be filled out. Is this a good one to use as far as having an out clause?CONTRACT FOR THE PURCHASE & SALE OF REAL ESTATEDate: On this day of, 2013 PARTIES...
Daniel Karbownik
Syndication Question - SEC Needed?
I am pretty clear on the need to follow SEC rules for a syndication. However I can't find any information anywhere on smaller deals that might not warrant the cost of an SEC filing. For example, I'm looking to buy s...
Courtney Cleveland
Need Advice Pertaining to 1st Investment Deal
I'll try to keep this brief and to the point. In the process of purchasing my first investment property (2 br condo in Atlanta suburb). I get a call from the lender today (NFCU) telling me that underwriting cannot app...
Nick Bernhard
Buy with Quitclaim, Sell with Warranty?
I recently purchased a property for very cheap. I had a title search done (no title insurance) with only back taxes showing up. I ended up buying it via a Quitclaim Deed.Fast forward... I am now looking at selling thi...
David Stott
Failure To Pay in Rochester, NY
I’ve got two tenants who are not paying their rent, and it seems I have no recourse with courts closed.
What are you doing to take the upper hand and repossess your properties? And I’m not thinking payment plans e...
Keerthi A.
Financing Cheap Condos by Conventional Mortgage
I am planning to buy a rental property through cash from a 401K loan. It is hard to win a bid through financing in my area, hard to compete with cash investors.
So if I buy through cash, would I be able to finance it...