Don Petrash
Approaching a seller for a cash deal
Big Picture: Looking for the right approach to a distressed seller. Lots of job losses and foreclosures coming in my market. This is what I put in several "white letters." What do you think? How can I give a bette...
Silvana Elejalde
Bank Foreclosure sale with surplus to pay for property taxes
Hello, if anyone has had any experience in Broward County, Florida, winning a bank foreclosure paying over the final judgment amount, and getting the Clerk of Courts to disburse funds from Court Registry to cover deli...
Kyle Soderman
Deal Negotiations
To keep this short, I submitted an offer on a house yesterday. Here are the numbers.List price: 129,000Offer I put in: 110,000 (Seller pays closing)Days on market: 164They just had a deal fall through a little over a ...
Debra Muth
FHA loans and student loan
Does anyone know what the new change is that prevents you from getting an FHA loan when you have student loans?
Derriel Cribbs
Hard Money eligibility for an auction purchase?
Greetings all,I have a unique deal and I am exploring the possibility of using a hard money lender. Is there an HML that will loan a relatively small amount as low as 25-27% of the deal? I will be putting 130K cash in...
Janelle Hicks
When is a building a lost cause? Rehab cost too high?
At what point is a property too far gone to rehab? I found an 9 Plex, fixed up it could be worth about 400k based on income valuation. But it needs EVERYTHING. Place is a dumpy/disgusting, been vandalized, no floors, ...
Kevin C.
An introduction, and where do we go from here?
We currently own two rental properties. Neither were purchased as investments originally, so they aren't the best deals.Property A: Purchased for 100,000. PITI is around 730/month. Currently rented for $900. Mortgage ...
Lloyd Spencer
dope in the garden state
tenant 2 complained that tenant 1 was smoking so much dope that her kids are getting high in the upstairs unit.
smoking and illegal activities are lease violations so i sent a notice to cease on Sept 1 via certified m...
Peter Morgan
Overly sweet tenant taking over control of MF!
I am currently cohabitating as a live in landlord with two other tenants in a multi family setup. One of the tenants has been with us for quite sometime now and the the other tenant has joined us only recently. They a...
Michael Paling
House Hack Duplex 2
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $118,175
Cash invested: $26,900
I have moved out of my first duplex I was house hacking after purchasing ano...