Sean Merant
repossessing my house in GA
If anyone can help I would appreciate your input.
I personally sold a home to a young couple with kids who I thought just had a bad run of luck; little did I know I would be victim to them refusing to pay the mortgag...
William Byers
Buying a note - Deal or Dud?
Seeking advice from more experienced note buyers. I've been offered a 1st position, non-performing mortgage that has the following status:
There's a second of +/-50k. Home value is about $53k. I rea...
Henry M.
Bank is Going Cuckoo for COCOA PUFFs - A True Shortsale Joke
Ok, So I rarely post anything if ever, but I thought this situation warranted it.
I sent letters to homes up for auction (monthly/bi-monthly) and received a call from a woman who was in distress crying. She...
Bonnie Low
Help! Our Lender Can't Seem to Close. What Can We Do?
I was contacted by a conventional lender through BP. I checked their recommendations and they seemed legit. The loan officer certainly was very helpful and responsive at first. In retrospect, I think he was eager to s...
Wesley W.
Toilet running / tenant apathy
Hi all,Does anyone have any lease language that you use to transfer responsibility of excess water use to the tenant?Some context: I have a clause that says...(g) Water may not be wasted. Washing of vehicles is prohi...
Lora H.
Tenant is demanding I test for asbestos - Denver, CO
Hi BP friends! I've got a tenant that is asking/demanding that I test for asbestos in my SFH rental. This home was built in 1951, I bought in 2012; no basement - it's on concrete slab. It was a fix and flip when I ...
Jason Woods
What should I do with properties with significant gain (Seattle)
I live in the Seattle area, where I have a couple of SFH rental properties which I bought a few years back, now they all have significant appreciation due to the red hot Seattle market, now I'm trying to figure out th...
Tim G.
Second Project, Another Keeper. Beach House - Another Rehab Loan
Scooped up this deal direct from the seller at a very nice wholesale price.
1408 Minnesota Dr. Oceanside, CA 92054
3/2 1100sqft - 2 car garage - under a half mile to the beach (west of the 5!)
ARV - $400-$420k (h...
Jay Hinrichs
Advantages of first time buyer : Owner Occ plex as opposed to cash flow in out of area market
Advantages:1. choose your tenants by owner occupying your duplex or 4 plex your not subject to the national discrimination rules.. You can choose your tenants ( hand pick them) discard any for any reason..2. when yo...
David Kimball
Nonrefundable Despoit Clause in Offer ?
I am about to make an offer on an AS-IS SKELETON 3-family using the seller's realtor's contract. I'm wondering if anyone has thoughts about this clause in the contract:
"If this Contract is legally and rightfully can...