Susan H.
buying foreclosure
I'm ready to bid on a foreclosure but just found out that even tho only one mortgage company is listed as seller, the home owner actually has a few mechanic liens on property plus two second mortgages that he is not i...
Shalom Benton
New ownership and tenant debt??
After purchasing a multi family, I have come to find out that a few of the tenants have back rents owed. Do I have rights to pursue the back rent? My thoughts are that I have purchased the tenant debt along with the p...
Brian Varmuza
Approved Short Sale Higher Then Owed
There is a house scheduled for a foreclosure auction in Florida. The total foreclosure amount was 205k (including principal, interest and escrow). This is the 1st closing and there is no additional liens. The house wa...
Sarang Gupta
Accidentally bought a vacant lot in chi with too many back taxes
In my Naivety, I purchased an empty lot in Chicago back in 2018 with over $2000 in back taxes. Since then, I've paid $550 in fees, and probably accrued over $1200 in additional taxes (total probably ~$3200 outstanding...
Giuliano Solger
Rental Property Portfolio
What would you guys say is the best way to grow your rental property portfolio? Specifically buying your first rental property? I am interested in purchasing multi family units. I was thinking of just putting down 20-...
Ryan Betzing
My bank let’s me BRRRR without the refinance
I’m closing on my second home with a little local bank and the loan product they offer is incredible. Here’s the way it works:
I find the deal and bring it to them along with a scope of work from my contractor. They...
Raymond Cardenas
Can someone sell a home that's under foreclosure ??
If someone's house is going on a foreclosure auction within the next 21 days, Can someone buy the house from them via subject to, or other creative financing? Thanks!
Austin Coy
Fist time flip/strategy
Hello everyone, I’m seeking advice and information on how to go about my first flip. My business partner and I collectively have a good amount of money saved up to invest but not enough to pay for the whole flip in ca...
Brittany-Shey Tilley
From primary to investment home
I want to use a home I own as a investment property even thought it was purchased as a primary property when I bought it. If I just turn around and rent it out how will this affect future taxes ? Etc how do I go about...
Derek Carroll
interest payments to HML during rehab period?
during the rehab period are you typically required to pay monthly interest payments to the HML? Or does the interest accrue, add to the principal and simply make one balloon at the end of the term?