Fred Fleury
Deal analysis - 710k Triplex in Mid-City (LA)
Hello BiggerPockets members,
I live in LA and am looking locally at a growing neighborhood I'm familiar with called West Adams. I'm looking at multi-unit rental properties and trying to run numbers on them to get e...
Matthew Hall
Is the DOS clause actually spelled out in the mortgage or just implied because it's not assumable?
The mortgage I'm looking at says nothing about a DOS clause but does say it does not have a "Demand Feature," which apparently allows the lender to call the loan due for any reason. It does however have a box checked...
Amber Bennett
Owner sells home. 1st Note current. 2nd Non-performing. Now what?
Good day, All! New to this whole note buying business and I have run across an interesting scenario that I'm hoping you all can help me out with. I just bought a non-performing 2nd note on a home where the 1st note is...
Talha Parvaiz
best strategy to buy a property in the next few months
Hi,
I am planning to buy a property (first-time buyer) in Chicago
suburbs, and few things that we have observed are that despite Covid-19
impact on the economy.
- housing prices are very much the same as last y...
Tony Nguyen
How Do I Find Out About Flood Risks?
Hey everyone,
The flood happening with the Mississippi River is making me even more cautious about flood levels of the properties I buy. What is the best way for me to go about finding out if the level is low, med or...
Meg Hoff
Short Sale of Rental Property
I am considering a "strategic default" of my condo property in California. I bought it as my primary residence in 2004, but have rented it out for the past two years. I am more than $100K underwater, and do not qualif...
Dave Payerchin
What to be Aware of with Turnkey Properties
What to be Aware of when Investing in a Turn Key Rental Property
If you are looking to invest in out of town real estate, it is vitally important to be aware that not all brokers or sellers are trustworthy, h...
Jennifer Alcide
Response to "Why do you need to know that?" or "What difference does it make?"
Hello,
I'm a new investor who is targeting absentee owners for wholesaling. When I receive a phone call, and I begin to qualify them, one of the questions I ask is "is there a mortgage on the house?" The response u...
Ciarraghe G.
Renter wants to buy
Hello! I have a townhouse that is rented under a 2 year lease with the renter's intention to extend 5 more years. However the renter just approached us and asked if we'd consider selling the rental to them. We weren't...
Xander P. Moreno
Advise this newbie on the best scenario in San Diego, CA area
I am Active Duty Military stationed in San Diego, CA. I started watching flipping/rehab shows then researching youtube. 3 months ago I received orders from Guam to San Diego. At that point I knew we will invest in a...