Hello, we were suppose to close today at 3pm and at 2:45pm we get a email from the mortgage broker saying that since this is a flip transaction and I have not owned the house for over 12 months they want to do a secon...
OK here is the situation a CA property has 3 liens the first 2 being private lenders and the third is a judgement lien. The property has very little equity if the the judgement is paid in full (along with the...
I had a major water main break - totally flooded the basement in my duplex! I reported it right away to my insurance company, but a claims adjuster couldn't come out today.
The Philadelphia Water Department came out ...
Hello everyone! For a long time (and I mean years) I have been interested in real estate. I would always think of all the flashy houses I would have, and always dreamed of building my own building in London, UK. In th...
Hi all! First time posting here.Dad died a couple years ago and I inherited a house. The tenant has been there since 2014. I let the tenant know about the death in 2022 and that I'd be taking over. In early 2023 I tol...
Hello! Rookie real estate investor looking for some advice:
I purchased a duplex in Grand Rapids, MI last October (2023). I bought the property at $365k, and its new *estimated* value after renovations is 390k-400k...
In 2019 I purchased a Duplex in New Orleans for $219,000, I was able to refinance during Covid to a 3% interest rate. After I left NOLA, I was able to rent each side for $1,295 through a property manager taking 10%. T...
So I received a call for help on this scenario. Trying to figure out how it could work. Borrower faces foreclosure sale next week. He needs $19,000 to bring his first position loan current. He is living in the ho...
I am a physician. For years, I owned and self-managed or had a property manager for up to 5 SFR at a time. After a divorce, I sold all 5 properties and made money (1 was basically break-even). However, managing was ti...