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Hey guys I would like to understand something Purchase price: $270KReno: 70KARV: 420K My lender fund 75% from ARV which is 315K , it covers the purchase price also he covers 100% or rehab , I need explanation about t...
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OK so im gonna lay out the facts:Found a woman who wants me to take her property in a short pay off. Not short sale. My understanding is that the noteholder agrees to a settlement amount and the deed is hers free and ...
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Hi all, I think I already know the answer but I need help convincing my other board members. My neighbors are about $6000 behind on their monthly payments of about $400. The frustrating thing is they do not live i...
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I have a friend that is looking to relocate. He has a nice home that does not need any rehab. If I took over the payments subject to the existing mortgage, it would cash flow but there is always the posibility of th...
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Hi BP,I am looking to get my feet with an SF investment property this year and have a few questions about getting financing from the bank. Question 1. I own my primary residence free and clear and it is worth $75,000....
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Hi,I am an investor and I have bought a Condo in Georgia with 'Assignment of Real Estate Deed to Secure Deed', 'Assignment of promissory note' and 'Modification of deed to secure debt' from a Bank. Now I see that the ...
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Hello allI have a scenario i need advice on. I found an abandoned property while driving for dollars. I was able to get in touch with the owner and they are willing to sign it over for $1000. The catch is that there...
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Just listened to the Pace Morby episodes on the regular and rookie podcasts. Really fascinating stuff but I'm still trying to wrap my mind around a dew details. Mainly, in the scenario described where it's a zero cash...
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I live in NC and want to lend to a flipper reahabbing a property in MD. Are there any licenses or other state requirements? I've been reading the NC state site and want to make sure that a mortgage lender license is n...