We invest in new jersey. Buy and hold. In our area another investor has ran into financial problems. His properties are over leveraged. One bank has put 3 of his notes up for sale. Each note contains 6 properties. T...
I just got off the phone with a seller who made an interesting request after discussing what he'd like to get out of his property, and am curious if what he is asking is possible or even legal? I've never heard of ...
Hi,I wanted to get advice on buying a pre foreclosure. The person is asking $160,000. Realty Trac shows that the mortgage is for $130,000. I plan on going to the recorders office tomorrow to find out how much the judg...
I need some help on how to find the right people at the bank and how to present a compelling offer to purchase a NPN. We have done the financial analysis, tracked the foreclosure and bankruptcy processes, spoken with...
I am new to Bigger Pockets, and this is my first forum post.
My fiance and I are looking into buying our first home. I have decided that instead of purchasing a single family home for ourselves, we have begu...
I found this to be helpful in the beginning, hopefully you will aswell ...
acceleration clauseA clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. T...
Hello,
My soon to be ex husband and I have a situation. We have our first house and bought a second home last year. The first house was swiftly rented out, but the rental payment does not cover the mortgage payment...
Hi All,I bought a single family house investment property in Murfreesburo, Tennessee in 2006 after I graduated college with 100% financing and no money down. Pretty sweet deal considering the lack of experience I had...
Forgive my ignorance, but I just want to make sure I am thinking correctly.
I have a home equity line of credit that is open and I can draw cash from whenever I want, is a business line of credit along the same theor...
Hello
everybody,
I
have purchased a single family home in October 2020, with a
cash offer.In
January 2021, I asked my property manager to pay my
property tax of about 2,000$, she accepted and has paid with...