BT Conlon
Looking for advice on how to remove/forgive late payments
Hello all. I'm new to the site. And new to investing. I had to retire from my last job due to injury. While I was out, my wife also got injured. This results in going 90 days late on a second mortgage. I had work...
Daniel Dietz
Can I use FHA Owner Occupied MF Loan to buy property my LLC owns?
Hi All,I am working on exploring the FHA Owner Occupied for Multi Family properties and have not been able to find the answer to this yet.If an LLC that I own a share of (33%) ALREADY owns a 2-4 unit MF property, can ...
Dina C.
Are gift funds allowed when purchasing a second house?
I bought a house for $300K in cash 6 months ago that I want to use as a vacation house. My domestic partner gave me $60K as a "gift" and I am adding him to the title. I want to get a 30-year mortgage now and pull my c...
Daniel Coleman
negotiating a pre foreclosure short sale
I have been looking at a certain property for my pri. residence. It has been on the market almost a year and the price just keeps dropping lower. It was listed through an agent so we put it under contract and were set...
Christopher Lombardi
How to buy homes worth less than mortgage
I’m wondering if anyone has used any creative techniques with regards to buying a home worth less than the mortgage owed. The one in particular that I like is on its way to auction but I would love to try to work som...
Jordan Archer
Will a bank refinance a home you bought with a wrap?
Hey BP,This is something I want to know in order to reassure some of my buyers...So, I want to buy/acquire homes subject-to. I then want to find a buyer (one who can't get conventional financing/loans) and sell the pr...
Bernie Lahde
Is there any room for lipstick on this....pig?
We're newbies, who live around the corner from a home that was bought new 10 years ago but is now in foreclosure: a. on an HOA debt of about $8,000, currently set for June 20 auction (but, the HOA atty says, "we can m...
J M.
Do I need good credit if I have the cash?
Guys, If i have the cash to invest in flipping homes, will I ever use/need my credit? If so, when or how in example?
Do I have to make an effort to keep it in good standing since I have cash, or I can be without?
Th...
Grant Bublitz
First Duplex Should I LLC?
I am about to close on my first duplex and will be living on one side (top) while renting out the other (bottom).Is there any reason to put the duplex in an LLC?Just have the rent made out to me and have a new checkin...
Michael Durand
Need direction - Want to start flipping
I've been on BiggerPockets but never really took part in any of the forums. I decided to go Pro to show I'm taking this business seriously. I'm in the northern New Jersey area ( close to NYC) where I'm looking to star...