I am working with a good Realtor and I make offers well above asking. I just lost out on another offer I made. It will be interesting to find out the winning bid upon closing. The house before this I made a cash of...
Subject To and Wraps are very similar and yet, very different.
Subject To & Wraps share these characteristics
You are taking over payment of the mortgage and transferring the property into your name...
Hi y'all, we are buying a 4 unit investment in Chicago for 430k, conventional loan with 30% down. I just got quoted minimum coverage from state farm for a $900,000, is this common?. Monthly payment is $450, more than ...
Hey folks, rookie in South Texas here. Found a house in my neighborhood, it is to go to foreclosure auction May 2016. I was able to make contact with the bank that is holding the note. I was told that I could buy the...
I know it's easier to have a title company do the leg work doing research, but how can an investor throughly perform the same task?
Do title companies have preferred access to information the average investors don't h...
I was at an auction recently, and a property I was interested in had a pretty peppered lien history. Here goes the my best description of the situation:First, I did a lien search by myself and found it to be very com...
So, I have been researching a house for over a year that had been vacant, and finally tracked down the owner through a skiptrace company. He told me the house originally mortgage was free and clear, but he took out...
Hello BP Fans,
I'm currently trying to purchase a short sale in my area. The sellers agent countered today and they want to remove the Short Sale Rider addendum to the contract. Have any of you guys seen this before ...
I would love your advice. Should I keep this rental property or should I short sell it?I have a condo in Algonquin Illinois (3 bed, 2 bath, 1890 sq/ft) that I had bought for $265k in 2006. I have about 40k in equity i...
Hello all, I am new to the forum and I've been very interested in many of your insightful comments. I would really like some help with my current situation which is both complex and unnerving.
This particular...