Has anyone worked a "Split Approval"? I am researching details for friends going thru the Short Sale process in Florida. Forgive me as some of the terms are unfamiliar to me. The 1st (GMAC) has agreed to give a po...

I'm new to BP and REI Scenario: I'm looking at a property that I intend on buying and renting.  It's a 2BR, 2BA, 1145 sqft condo. It is currently in foreclosure, (or pre-foreclosure and subject to probate.) I am famil...

My family and I are relocating out of state and are near the end of the process of getting a Heloc on our home specifically for cashflow to cover moving, earnest money, and setup expenses. Our realtors wanted to go ah...

Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...

Can someone please explain how a 1031 Exchange works?

I am interested in information on how to close/structure a deal with a pre-foreclosure house.  I have assess to the county website and know what houses are scheduled for foreclosure/sheriff sale in the coming months. ...

I have a client that I am providing funding for in Massachusetts. We planned to fund a back to back transaction for over $1M but the short sale approval letter from First Horizon MetLife came back that it must be held...

I am currently under contract on a house where there are some standing issues with the house. The seller agreed to replace all the windows in the house since they are old and outdated for an increased sale price. We b...

can a investor sell 7 propertiesAnd use a 1031 to invest in a single property, I.e. Apartment complex??

BP'ers

I have a very basic question on the 1031 rule as I have never completed this type of transaction.

To set the stage, I am currently growing my rental portfolio with the goal of getting 3 additional propertie...