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For those who have never obtained a hard money loan, there are typically a lot of questions. Here are some of the most commons questions and answers about private and hard money loans:
1. What exactly IS a hard money...
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I have a friend whose, daughter is getting her first apartment. She only makes 2 times rent and they require 3 times as most do. They would accept her if her father (My friend cosigns). I have not done cosigners so I ...
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Hello All, been a member of BP for quite some time now, but rarely participate. However, need some folks to chime in on this one. Have a renter, attempted eviction last year (6 months arrears), court ordered tax che...
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Seems I keep getting beat on properties going for full price and more. These deals often have low returns and function solely on best case scenarios in my opinion. Anything good is snapped up quickly. At this point...
If YOUR party loses-How will YOU react?
This is NOT meant to start conflict! The below is my personal experience only and I DO NOT expect others to agree! I would like to hear others views and...
I thought it would interesting to share some recent experience we have had with some of these instruments. To that extent, an illustration of the pain that can come with working with an instrument that is not the...
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I have a fairly steady rental property. It was a former home of mine. I lived in it for 7 years and it has been rented for about 6 years. There still is a mortgage on the property and it has a decent amount of equity ...
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Hello there, I need your help. I have a lease with my tenant which is just 3 months old . Currently, the tenant got section 8 approval and asking me to accept the partial amount from section 8 and she stops paying me ...
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ARV 99,990
PITI 600
We have a 3yr lease with option
Our Option is Loan Balance at time of Closing. (currently 90,500)
I have a tenant buyer who agreed to to put down 5k and rent for 900/mon...
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Has anyone been experiencing unresponsiveness from Sage Acquisitions while trying to close on a HUD property? Sage is the new management company HUD is using in the Philadelphia area.Our offer was accepted almost 60 d...