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Since they instituted a clause in their approval letter that says they will rescind the short sale transaction if the property is resold within 30 days . This is provision # 10 in their short sale approvals which is p...
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This thread is about a recent REO deal I have done from start to finish (well, finish line is in sight) to help educate and inspire others to do the same.
Property details: 4+3, 2300 sq. ft, pool, spa, view, quiet st...
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Here’s the deal.
I just got my offer accepted at 132,000 on a REO that the seller is Fannie Mae. Inside the Purchase Addendum it states that I can not sell the property for more then 162,000 within 3 months of closi...
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Hello all, My name is Terron and i have a background In Business Management with little to no experience in Real Estate investing. Currently I am living in my home that I have purchased in 2011 and now it has accumula...
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I have a unique request from an applicant for my SFR, who is an artist, and wants a five year lease.
His justification is he is an artist, wants a long term lease, to lock in the rent. He and wife, both arti...
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I hadn't thought this was that exciting, but recently told a hard money lender about it, and he was shocked at the deal I got, so figured I would share it. SoFi (Social Finance) gave me a $100,000 unsecured personal l...
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Hey everyone, hope y’all are doing alright. My tenant just moved out and she left 38 small holes in a room. Should I and could I take their security deposit or portion of it? What would you do? She also lost one of th...
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I've been a landlord since 2006. Up until now I've never had to evict a tenant. I've had people owe me what I would consider decent sums of money however always treated those tenants with respect from our first inte...
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Hello! I inherited a building from my late mother who had a tenant. That tenant is now gone thanks to COVID (they went out of business). I am trying to find a new tenant, and I am fielding questions regarding property...
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Looking to get going on some real estate so I can replace my wife's income and she can quit her job. Please poke holes in this strategy. We currently live in a 1000 sqft single family home that we pay a mortgage on. M...