Joey English
Private money loans
Private money loans:How many of you have heard the phrase, “it takes money to make money?” This is a true statement if you want to make it in real estate investing.People often make the assumption, however, that you m...
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Trying to Wholesale a property!!
I just got a call from a person facing foreclosure. What step should I take next? I already have a copy of a contract, do I need to call the bank or do the home owner have to call the bank. What steps do I need to ...
Roy Benson
Re-Purchasing Property from Foreclosure Sale
BP,Yesterday I attended an auction in New Jersey and gave my card to a Real Estate investor (call him Rick) who was buying properties. I'm not in the market yet but I'm exploring with my bro-in-law. Rick purchased a...
Account Closed
FL MORTGAGE BROKER: so typical of what we have to deal with
Have a borrower pre-approved for a loan program and on a very specific purchase scenario. Basically, she will not be able to purchase a home without seller concessions ...PERIOD!She came to me by way of referral from...
Account Closed
Where does the 30-60-90 day period fall?
Hello all,I generally understand the foreclosure process, where once you're late on your payment, you get a notice of default. After that, you get notice of sale, then it goes trustee sale, then possibly sold as REO. ...
Juan Aguirre
Should I look into a partner or try Seller financing???
Hey fellow Real Estate junkies, Ive been trying to acquire a duplex that would have instant equity and has major potential to become a cash cow. Although my financing has not been the best of situations I am only appr...
Dan Sayre
Is there a tsunami in April?
A source for the banking sector said that lenders have given a significant number of borrowers forbearance to get through Covid shutdowns.But forbearance is ending.
And borrowers will need to pay all the back paymen...
Collin Emerson Miller
Lender not factoring startup income because biz not 2 yrs old?!
I am looking to buy a property with a co-borrower and the main lender that we are working with is only counting my co-borrower's income and not mine for a reason that I don't see valid. I am going to be looking for o...
Erik K.
Short-Sale Negotiations
I have been working with a homeowner to avoid foreclosure. I guess in this case he wouldn't be considered a seller. A Notice of Default has been issued and the borrower is a few months behind in payments. He current...
Alton Bell
Needing to speak with a CPA
Hello BP Community. My name is AJ and I’m based in Phx Arizona. Me and my girlfriend are planning to get into the reAl estate game and want to begin flipping properties. Not so much buy and hold or rentals but buying ...