Greg Watkins
"Gifted prop" but not really and want to use HELOC...Stupid?
Here is the situation/hypothetical,Lets use the name Bob. Bob owns a property worth $210,000 and still owes 150,000. Thing is, no one knows that he owes this and it appears he owns it outright. (personal loan/mortga...
Jeff Something
Making a house into a duplex legally?
Sometimes when browsing houses for sale, I'll see the term "legal duplex," which would obviously seem to imply that there is such a thing as an illegal duplex. So, my question is, if I had found a single family house ...
David Sirmons
Inspection/Survey/Appraisal...
Do 'you' have to do these for the purchase of an REO?
Or if they pre-exist, is that acceptable? I'd like to get a simple walk-through inspection, but have no wish to spend on anything that is not truly required. What ...
Andrew S.
Buyer's Best Approach to Post-Inspection Repairs?
I am currently negotiating the private purchase of the single-family home we have been renting for the last few years. Seller is and I have a very good and transparent relationship. Seller needs to close within 30 da...
Kris Murphy
HELOC or Mortgage with bad credit but 100% equity
Looking for advice on this:I own a short term rental property with no debt (value ~250k) and would like to get a HELOC or even just cash out with a 15/30 year mortgage. My problem is that I have poor credit (under 60...
Rocco Swinney
Deduct costs spent on investment property that didnt close?
hi all
I have an investment property under contract. It all has been going smoothly, but to make a long story short. Its starting to go south. I spent about 1.5k between dd, etc.
My question is If i terminate i beli...
Brandon Rush
Seller Financing w/ Multiple Owners
Hello Everyone,Working on a deal where there are three owners of a house. The house was handed down to these siblings and is split 50/25/25. I was going to offer seller financing but was not sure if that was possible ...
David Antunes
Will purchasing a used car before mortgage pre-approval hurt me?
Hello all,I'm just beginning a search for my first property and I'm simultaneously in need of a vehicle to aid the process. I'm curious what the negative impact of buying a used car (all cash, upfront) would be on my ...
Eric Griffin
Managing Outstanding Loans
Hey Everyone,I'm just beginning my real estate adventure by reading and educating myself and am excited about the potential the real estate has. My wife and I bought our home about a year and a half ago and have decid...
Scott Busby
Market Selection: Pros and Cons
Hi BP,I hope I structure my question correctly. I'm just curious about the less obvious pros/cons of market selection. I live in Huntsville, AL and I know this area is considered a hot market right now, but beyond the...