Otto Kinn
Best Strategy for Acquiring Subto VA Loans
Quick preface, I'm a cash home buyer. I do 20-30 flips/wholesales per year. I've largely stayed away from the "sub-to" buz word, but I have done a couple sub-to flips knowing that I only needed to hold onto them a cou...
Charlie Ryan
What to do with a $20k HELOC???
Dear AllI have a $20K HELOC that we set up when I bought my primary home. I now have the opportunity to buy a great condo for my father for $96K. Can I/ should I use the HELOC for the 20% down payment on a convention...
Kin Hei Lam
Seller Financing Question
Hi EveryoneI was curious about what are the normal terms of a seller financed deal?And also how would a buyer approach a seller to get them to finance?
Nicholas Lilly
Foreclosure Basic Rules
The lienholder is required to provide 21-day notices of foreclosure sales of a residential homestead. This notice must also be filed with the county clerk and posted at the courthouse. The Statute of limitation is fou...
Andrew Bissada
Keeping track of RE Finances & Taxes?
I am reading the book "The House Hacking Strategy"
Craig mentions to keep a separate (bank) account for real estate, because it will make it easier when doing taxes.
Can this be an additional savings account? Or doe...
Andrew Pappas
Seller financing with no equity and current mortgage
Hello, I have a specific question and haven't been able to find the answer.I have a very motivated seller who owes about $126,000 on his house, which is also what it's worth. He is willing to repair the property and ...
Clifford Firthh
Seller carryback 1st position note - Holder will not give a payoff amount
Looking for advice on a property I'm working on. Owner had left the property about a year ago to take care of a sick relative and squatters took over the property and they haven't been able to return. They have tried ...
Michael Montella
What is a First Note and Deed of Trust
I've been analyzing a bunch of properties in my area hoping to house hack or purchase as purely a rental property. I found one today that would cash flow positively if I used an FHA loan and lived in one of the units,...
Kim Livingstone
Trust beneficiaries taking dividends from rental property
I am looking for a little insight on this situation. We have a rental property that is in a land trust. Can beneficiaries take dividends from the rent? if not dividends, what are the beneficiaries options for taking ...
Quentin Hollis
How do I avoid triggering a due on sale clause with a subject to deal?
I'm currently working on my first real estate deal and will be buying a property subject to the owners existing mortgage. I've done some negotiation with the seller already and we've agreed on the broad terms of the d...