So last November I submitted an offer for a client on a HUD home, during initial owner occupied period. The home was listed @ $200K. Our submitted NET offer was slightly above asking price (conventional financing).......

If I buy a second mortgage at auction, must the lender holding the first (same bank as the second) let me reinstate and take over payments on the first? I've heard this is true but don't know for sure. If so, can you ...

If one owned a single member LLC within their Roth IRA, and that entity invested exclusively in real estate, tax liens and debt instruments, would it not be acceptable to simply incorporate "grammar school" like accou...

Hi everyone, I am about to list my very first investment property for rent. I'm curious as to the proper amount to charge for a security deposit. I was thinking 1 months rent, which is $850. Is that too much? Also, an...

I'm thinking of purchasing a low income apartment community. I know it has a number of tenants on section 8 also. I also know the process to obtain and loss the voucher. What I don't know is how the pay out from gover...

Hello All,
I am new at this and I am looking for all the help I can get.
I have 2 friends in Florida that are facing a foreclosure situation with a property (they were married before but divorced 3 years ago).
The pro...

I bought a land contract on a property in Metro Detroit three months ago. It was a performing 8 year note with 7 payments made to date. Original loan was for 40k. I bought for 23k. 10% note with payments of $600. ...

Just curious why banks can take so long to make a decision on a short sale? What are they waiting for? We have a property under contract that is a short sale. We made the offer on 11/10 and the seller accepted it. It'...

I am considering hiring a public adjuster for a existing/open claim. The insurance company cut a check for the ACV but has not released the depreciation yet. The public adjuster reviewed the estimate from the insura...

Hi there,

Me again. I could really use some insightful advice. I've posted slightly about this before but I am running into a wall and would love to see what my options are. I purchased a property in Houston TX in ...