Peter Fennig
BRRRR Strategy question??
Hi bp, I've been flipping for the last 10 months while at the same going through a divorce for the last year and a half. That finally came to an end back in march but severely damaged my credit which was in the low 70...
Sheryl Williams
Why was the payoff so much higher at foreclosure?
My FHA loan foreclosed with a principle of $140,000. The bank auctioned the property stating I owed $153,000. It was sold for $155,000 and I only received $800 in surplus from the trustee after they took their fees of...
Samson Hollmérus
Apartment in a 3plex. 2Bd, 1Ba, 213 sqft
Investment Info:
Other buy & hold investment in Korsholm, FINLAND.
Purchase price: $125,000
Cash invested: $5,000
Apartment in a 3plex.
Its a 2Bd, 1Ba, 213 sqft
First home buy and hold.
Wh...
LaToya Morris
Lender Demands Payoff 3 Weeks After Closing
Hello everyone,A client closed on a cash-out refi on 12/26/23 and we received the final settlement statement that morning. The lender's payoff amount was good through 12/31/23. He used a hard money loan for partial pu...
Russ Sandifer
IRA LLC as owner in MMLLC | % Ownership | Taxes | IRS Rules
I have a duplex rental under contract. I plan to close in two weeks. I am set to purchase the duplex outright with my SDIRA. My current custodian is prepared to wire the funds. If time allows, I'd like to create a Che...
Joan C.
Help! Crowdfunding investment in default
Hello, BP,One of my friends invested in a pre-funded 1st lien rehab loan in Patchogue, NY with one crowdfunding platform (many bpers are familiar with this platform ) , the loan has missed payment since March, 2016, b...
Jeffrey A Hayes
Buy and Hold with Hard Money
I’m a new buy and hold investor and I’m vetting all my financing option and while private and convention lending make the most sense, I’d like to understand everyone’s opinion on hard money use case with buy and hold,...
J. Pablo Fernández
At what point do banks treat me as a company instead of a person?
Hello,I have an LLC that owns another LLC that owns a property outright. It's cashflowing nicely every month and yet, if I want a mortgage, the banks ask for my credit record. At what point do they start treating me a...
John Baker
First Fix and Flip Investment Completed - Cary, NC
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $289,000
Cash invested: $80,000
Sale price: $410,000
First Fix and Flip project completed. Some highlights belo...
Rick Howell
Potential Pitfalls to Closing the Deal (and How to Avoid Them)
If you have ever been through the process of closing a real estate deal, you know it’s a long process. From agreeing on a purchase price with the seller to securing financing with your lender, there are a lot of movin...