Hi everyone! I am in contact with a friend whose deceased uncle owned a property that has a reverse mortgage from 2009 for $258,000. I'm trying to find out if this deal is even worth spending time on. Is anyone famili...

I have an odd lease-purchase option that the courts have effectively deemed a note. It has about $60k left on the equity, it's 100k house, and is accruing 6.875% interest. It's not clearly written as a note, but nonet...

Bought our first rental home in September 2014 and major renovations were complete in January 2015.  House was placed "in service" in February 2015.  Do we report on purchase and renovation expenses incurred in 2014 o...

On an owner carry transaction what is a reasonable late fee as well as how long of a grace period should I give the buyers?  

Happy new year everyone! I’m a new investor and am seeking some advice regarding a property that I’m in the process of purchasing. During the due diligence process, I’ve discovered that the property has two open city ...

Does anyone know if there are standard % to put in for things like vacancy, maintenance? Just curious what everyone's thoughts are for a rental in a very good location. Being in a better class area, I really think a ...

Hello Everyone,I recent was communicating with a wholesaler about a possible deal which is a pre foreclosure. I am very new to real estate investing and seeking guidance if this would worth pursuing. Background:  The ...

I have a lot that I recently purchased using 1031 exchange money from the sale of another property. I have the opportunity to sell it using seller financing, but I'm trying to figure out how I will be taxed and whethe...

how are hard money loans structured? are they amortized or interest only?

if you got a 3 year hard money loan would you pay interest monthly for 3 years and pay principal in balloon payment after 3 years?

thanks

Why cant a person who has a lot of equity thats in pre-foreclosure just sell there home and use that to pay off the balance?