Kyle Gregg
203k contingency reserve...who gets it now??
Hello everyone,I am wrapping up a 203k right now and the final draw is pending. My full 203k had a contingency reserve for 10%. My loan originator initially told me that this contingency reserve could either be put ba...
Daniel Salmo
Heloc or creative finance or hard money lender
I currently have an investment property in Doral Florida and i have a first conventional mortgage and second is heloc arm interest only. I want to find an investor who is willing to pay off the heloc and work out term...
Logan Allec
Are loan modifications recorded with the county?
I don't see the loan mod on the title report for a property I'm checking out in Los Angeles County, so I was just wondering.
Michael Roberts
Loan P&I less than what it should be on tape
I'm looking at a 1st lien non-performing note in which the original loan amount was $117,850. The original and current rate is 4% and loan term is 360 months. The current (and original) P&I is $474. By my calculat...
Christopher Bell
Tax Loop Hole for employer to pay mortgage?
Is it legal for instead of my company paying me a bonus to instead take what they would have paid me and pay off my mortgage debt? Is this technically taxable or does this avoid the income tax?
Ninu Arun
Rent or sell your existing home : How to calculate
We own a townhome and its our primary residence for the past several years. It has 14 years left on the mortgage at 1.99%.
The principal and interest is 1311 per month. Taxes+Insurance+HOA is 577 per month.
We rec...
Kim Forgione
Advice on Lowballing REOs
Do banks have a set formula insofar as accepting offers on REOs so that lowballing is a bad idea? Was dropped from about $92K to $79K and I’d like to offer $50K. Is that too low? Would they counter or just not respond...
Shaun R.
Selling with owner financing
I bought a condo that I was originally going to rent, but since I'm usually pretty strapped for time, I'm considering selling via bond for deed. I have been reading on line and I get how it works... seller retains ti...
Scott Ferguson
Benefits to part-time Real-estate investor getting licensed
I have been doing some part time real-estate investing (In Oregon), made some good money on a few fix and flips over the years. I would like to keep the momentum going and get more active. I think the next logical ste...
Joseph Parker
New to BP - question about Seller Financing
Hello everyone! New member here - have found many useful tips & strategies on this site, but was never a member prior to today.I have a question about seller financing calculations regarding a deal that I'm curren...