Allan Rosenberg
Patch of land rate of defaults and return of overdue funds
I have loaned ( alot) of money to rehabbers and people flipping houses in NY and NJ.A while back I decided to try to invest a very small amount with Patch of Land ( $5000). I was tempted to invest in additional loans ...
Jason Roe
I’m considering renting my house
I’m considering renting out my house, but I want to make sure it meets the 1% rule. Do I apply the rule to the current amount owed on my loan or the current value of the house? Thanks 🙏
Areeb Naseer
HELOC for down payment
Hello,
I am just starting to invest in real estate. Rather than investing out of pocket, I am planning on getting a HELOC on my primary residence that has significant equity in it. I plan on using this as down payme...
Matthew McNeil
Recast (principal paydown) vs. Investing in another property
Honored to be a part of the BP family, and I’ve learned so much! I own 3 SFH properties. I have enough money to do a $50K Recast on one of my properties with the highest principal owed. Recast meaning paying a lump s...
Eric Berman
Single Family in Beaufort
Investment Info:
Single-family residence buy & hold investment in Beaufort.
Purchase price: $120,000
Cash invested: $300
2 bedroom, 1 bathroom, 1026 sqft SFR.
Currently rented for $1,250/mo.
www...
Ben Staples
Questions on nuts and bolts of Seller Financing
Hello,I'm working on my first seller financed deal and have a few pretty silly questions. I've worked out the terms so that they are favorable to both myself and the seller, now I just have to actually execute on it ...
Lacey A.
No Forwarding Address vs. Security Deposit
We had a tenant just vacate without leaving a forwarding address. They also didn't even attempt to clean and have exhausted their security deposit to the extent that they owe us money. They owe $2500 more than their s...
John Ryan
LIS PENDENS
I am trying to understand what this means. I know it is the start of Foreclosure. but, How can I tell what is owed on a property or how much I can buy it for before it goes to into Full foreclosure. I
am looking at D...
Brett Holmes
What are my options for this situation?
I am needing some advice about a potential deal and to see what options I might have.My aunt, by marriage, is trying to get rid of her mother's house, because she is now living in a nursing home. She does not want to...
Jose Falconett
What interest rate do you assume sellers have on their mortgage?
For purposes of an investor doing there due diligence and also for situation where a seller has no clue what they owe, interest rate, monthly payment amount etc.Since mortgage notes recorded in the public records does...