Chris Herman
Financing after 4 homes
My wife and I are on our third mortgage, two of which are rental properties. Our loan officer at a well known commercial bank tells us that we need 6 months of reserves for each mortgage after the 4th house to be app...
Eric Hathway
How to provide proof of funds to seller when I have line of cred
This is my first BRRRR. I'm offering cash on a foreclosure and the seller wants proof of funds. I have a home equity line of credit which I set up for this purpose with a more than sufficient limit.Should I provide th...
Rodney D.
ADVANCED - Anyone found a way to lookup current mortgage payoff?
Hi all,This is actually a 2 part question for fellow foreclosure investors:1. Mortgage PayoffHas anyone found a way (or pay-service) to obtain a CURRENT mortgage payoff for mortgage/note WITHOUT owners authorization? ...
Boone Tyson
Using a refinance to put your money to work
These last 12 months have been some of the most confusing that people have ever experienced. With a regular inundation of both good and bad, positive and negative information, it can be difficult to filter through all...
Daniel Kern
Continue Seller Financing or Refi to Conventional?
Hello BP, Newbie first time poster who did his first deal in April and am now working on my first triplex deal and needing some community advice. I found an of-market triplex in my community I am interested in and the...
Dave Bal
Payment Dispute Scam - Apartments.com
Notice to all Landlords using or considering Apartments.com (previously Cozy):I received notice today that one of my previous tenants (who moved out 6 months ago with an unpaid balance of over $8K) disputed a payment ...
N/A N/A
Refinancing question
I have a question (I will be using fake numbers), say I bought a property at 100,000 and put some rehabbing work in. I only had 10% (10,000) at closing so I needed a 80/10/10 loan, loan value = 100,000-10,000=90k
So ...
Terrence Evans
Possibly a dumb newbie question regarding NPNs
Ok so let's say I buy a a non-performing note for 30 cents on the dollar and I know that the area is someplace relatively depressed like say Detroit.Let's say that the balance was $30k and the property is worth half t...
Juan Cordero
Foreclosure options in Travis County
Hi,I have 2 simple questions about foreclosures in Austin.First, are there any foreclosure laws specific to Travis County I should be aware of before providing options to someone facing foreclosure?And second, do bank...
Jason Piccirillo
Funding for Flipping
Has anyone has any experience with Funding for Flipping? It keeps coming up on my Facebook news feed. I put my info in to met more detail, and have a phone call scheduled tomorrow.