Tim S.
2nd position exit strategy
Hi Note People,I'm trying to learn more about NPN 2nds, and wondering about this scenario: (assume 1st is performing)If I have a 2nd position Non-performing note, without enough equity to even cover the first, or just...
Alex J.
Rising sea levels and waterfront properties
Thinking about buying an apartment to rent out in the Hudson River area of NJ (Hoboken, JC, Edgewater, Weehawken). Has anyone here decided against buying something because concern about long term climate change (speci...
Bob Couture
'Subject To' or Not to?
Dear BP readers,
Could use your creative minds to see what the best course of action is for this prospective client. Here is the situation...
Motivated seller came to me through my website. They are moving. They ask...
Carlos Rodrigues
Rental exit strategies?
Hello BP my name is Carlos and I'm new to real estate and BP. My plan is to purchase a duplex or triplex and rent it out and gain positive cash flow, hopefully. I'm still on the hunt I've been listening to BP pod cast...
Fred Kite
Seller agreed to price that turned out to be under water
After executing a contract with a seller and passing the inspection period the title search turned up a second mortgage that puts the seller under water on the property by something in the neighborhood of $50k.The con...
Account Closed
what do i do with a house that is under water
not literally. i dont know if there is a different way of wording it....
basically, he has 80k left on his mortgage. the market crashed and now the comps are running about 65k (without looking at repair costs...
Tim Jonasson
Seller finance strategies for slightly under water condo in Palm Springs
Looking for help regarding my wife's condo she owned before we were married that has been difficult to keep rented and impossible to make cash flow since it has both an HOA and land lease being formerly on indian l...
N.A N.A
Need Strategy for Underwater owners who want to stay in house
I am selling modifications and have deal flow of people who don't qualify. How can I profit from people with good credit and income in upside-down houses? Short sale and sell-back? Investor buys note and re-writes it...
Cin Ng
What to expect at Sheriff Sale if modified loan is underwater?
I'm new to all this, but what if it looks like the loan was modified and then defaulted on? What is bank bidding protocol (in Cleveland area)? It seems most cases are bought back by the Plaintiff bank. Could there b...
Charles Kao
I started with my home 20,000 underwater and a newborn child.
My name is Charles. I started investing right before the 2008 housing crash. Today I own my home free and clear and working towards providing financial freedom so I can quit my comfortable sales job. I hit rock bottom...