I am getting some pushback on the idea of recourse vs. non recourse loans from a banker I'm just about to go with. My accountant told me not to take out a recourse loan, one that allows for deficiency judgments (th...

Looking at purchasing real estate + business and I have questions regarding an SBA loan. The subject business has been leased out to a 3rd party and is currently being foreclosed on by the landlord. Upon foreclosure I...

Hello,I am in the process of buying my first investment property, a triplex.  The triplex was a complete renovation by the seller.  After inspection, the inspector noted concerns about the foundation and the caving fl...

We heard of a ranch style property that had a half bath added 2 years ago. Permits were not pulled. The plumbing checks out for leaks and pressure per a plumber testing it. If we buy it, what are the ramifications, if...

I realize there is no sure fire way to guarantee a lender will agree to a short sale and in a lot of cases it seems to come down to "the bottom line", will it be it more profitable; or should I say less costly; tha...

I bought a non performing note in Kansas City. It is an institutional note that was originated in 11/2006. Next payment due was 1/2007. This was an investment property. I believe the borrower cashed out the propert...

Hello,I have started to investigate obtaining a house through a sheriff's auction in Monmouth County NJ.  My plan is to buy a single house, do repairs and upgrade and possibly sell in a few years to reap a tax free pr...

Hi all, I have decided to rent my current home out once I purchase another. The realtor I am using to find my new home is also going to lease my current home. She sent me the completed lease agreement on the TX Assoc....

The State of Illinois recently passed a statute into law that allows regulators to examine and publicly report on delinquency rates, as well as take action against lenders whose rates are too high. While the statute s...

I am looking to make my first rental home purchase, and I just got the inspection back for this 2 bed/1 bath home that I have under contract. The home is about 70 years old so I was expecting a rough report, but the m...