I received a call from my marketing efforts and wanted to get some feedback. This person is almost 50% upside down. house is worth about 250K total mortgages 1st and 2nd is around 525K. Obviously the only way this wou...

Hi everyone! I am a hard money lender based out of Tampa, FL, but lending nationally in non-rural settings. We have been lending in Florida since 2016, but just started lending nationally in the past year or so. As we...

I heard a rumor that commercial lenders are asking about forbearance. Specifically, if you had to ask for forbearance from your bank since it indicates a borrower has less than a stable financial position. Anyone else...

If purchasing a duplex in our preferred location doesn't have a positive cash flow with 1 side rented out and me in the other side, would it still be worth it to save over 500 a month in paying Rent?

Hey all, Due to a change in circumstances, and a poorly (unfortunately) timed purchase of a condo. I'm going to need to rent out my condo. For some detail - the unit is worth less than what I paid, and I have a pretty...

Can you wholesale a house with negative equity and what would be the best strategy?

I wanted to get some opinions on taking negative points. I’m currently doing a construction loan which will take 8-10 months to complete and I can get 3.675% with zero points on a loan of $250k. I only have to pay int...

I have a motivated seller that owes $220K in a area where homes sale for $110 max, the house just entered pre-foreclosure.Her husband put a 2nd mortgage on the property to help with medical bills and passed away short...

List the potential downsides; what's potentially harder than it seems, unexpected, costly or problematic.

Hi! I'm in the middle of my first flip right now and rehab costs are going over my initial estimate. I was thinking about keeping it as a rental in case it wouldn't sell as much as I thought it would. I think it...