Ok so let's say I buy a a non-performing note for 30 cents on the dollar and I know that the area is someplace relatively depressed like say Detroit.Let's say that the balance was $30k and the property is worth half t...
I searched for Velocity Banking but did not get anything to return except for some lenders using that name. I just was introduced to this strategy this week and was curious if anyone has done it and what their experie...
I bought my house 5 years ago for 250k at a fixed rate of 3.5% for 15 years. Currently I owe 111k in principle because I was paying additional principle for like a year. My monthly note is about 1.8k including escrow....
Help! Please help evaluate my rental property. New to real estate investing, not sure if I should hold, sell, or refinance. Studied throughly and am stumped. Background: Purchased a small single family in 2009 f...
I'm wondering how fellow realtors run their flips through their brokerage. I'm working on my first flip, dealing with an individual who doesn't have an agent, and it seems to me that I would obviously not want to tak...
hello I was looking on Zillow to analyze deals and I found a foreclosure so I looked it up on the county recorders just to practice since I'm just starting out and it says taxpayer is REVERSE MORTGAGE SOLUTIONS INC in...
I am working on a Subject To Deal and would greatly appreciate any advice anyone may have to offer.
Here is a breakdown of the numbers:
Property ARV: $120,000 cash.
Loan amount still owed: $79,000 cash.
Interest r...
My grandmother has an 8 plex that she wants to sell within the next few years. Would the solution below work, and if so, what would the limitations be?1. Grandmother puts my name on title. I'm now an owner.2. After 6 ...
What’s a Wrap-Around Mortgage Loan?
A wrap-around agreement is a type of secondary mortgage financing and involves the buyer paying the seller directly for a residential property — often at a higher interest rate t...
Thanks in advance for all your collective wisdom!
So, I've been looking into real estate for a while now, and just recently moved and turned my old place into a rental as a way to get started in real estate invest...