Gabe K.
Loan Mod: what terms would you use here?
I own this paper and the borrower made a solid offer to start paying $6000 up front and $700/month. He has a 6-figure income and can afford it. Here are the other numbers:MV = $50k and decliningUPB + arrears = $211k...
Lester Schmitt
Private1st leinholder willing to subordinate. Can I use that as downpayment?
Previous owner sold empty 40 unit apartment for $700,000 and gave 100% financing to the new owner.
New owner renovated and filled the building. New owner died and his estate is anxious to sell.
According to the Realt...
Bob Malecki
The Big Short: Michael Burry on the Next Financial Crisis
If anyone who is newer to note investing needs a refresher course on what caused most of the NPLs we buy to be available, read The Big Short or go see the movie. Fascinating how corrupted Wall St. brokers and rating a...
Patrick Sears
Selling Homes to Investors on Terms
Hello,I was wondering what y'all thought about paying all cash for low-end fixers, NOT fixing them up, and then offering to sell them on terms to local investors looking to fix and flip or fix and rent? Trying to get...
Mike Miller
SYNDICATIONS FOR 1031 EXCHANGES/ CAPITAL GAINS
1. Can anyone recommend a solid syndication that accepts 1031 exchanges, preferably Multi Family?
2. If I have a property in a 1031 exchange and I am looking to sell it, I will be on the hook for capital gains and de...
Jeff Deville
Investing with 'HOA' funds
I have a friend in a small neighborhood whose roads are private. The owners all have to put money in to a pot so that if the roads need work at some point, the work will be done. This is, as I understand it, abou...
Mike Zorbach
In Maryland (Should I Buy and renovate or Rent?)
Hi everyone!Currently I am thinking about buying and renovating a home in my area (Maryland), and financing through the bank through 203b loan (which covers renovation?). However, I only have about 12k in cash savings...
Jon Q.
Housing Market Still Isn't Rational
I thought you might enjoy this article written by Robert Shiller, Sterling Professor of Economics, Yale University:http://insights.som.yale.edu/insights/housing-mark...Agree/Disagree? Comments? Thoughts?
Kenton C.
Replacement cost value much higher than what I bought the property for?
I am looking for replacement cost value DP3 insurance policies on my first rental property. I paid 71,500$ for the property, and it has brand new roof, plumbing, electrical, and floors. I am being quoted for 171,000$ ...
Antonio Bodley
Offer price is more than asking price.
Is it possible I can get a home under contract without using the MAO calculation? I was looking at homes from motivated sellers where their asking prices are lower than the MAO I was going to use. If that is the case,...