Hello! I'm a newbie trying to get my first deal. I am looking in the Phoenix, AZ area. I've researched Subject-To financing and am considering how to setup a pipeline for acquiring single family homes this way. I want...
Hey guys. I apologize that I've been MIA for most of the summer. It's been a crazy summer for me. Between changing careers, completing my first flip, family issues...it's been a busy summer. Here's my situation: ...
I'm getting ready to start a short sale package. The owner has a first mortgage of 344K (including back payments, lawyer fees, etc) and a second HELOC of 135K. House was appraised in September of last year for 620K. H...
Lets say you have a million bucks and looking for a Multi Family to invest in. Where do you start? Do you consider many cities and look for the best purchase, or focus on specific area that you know well and settle fo...
I am in process of purchasing a turnkey property (built 1969, 3 bed/2 bath for $139k.) The inspection report came back with some minor findings. There is a structural finding: "Unusual settling cracks and significant...
My previous tenants piled up a significant work list of repairs following out move out inspection. The cost of the repairs the tenants are responsible for is an additional $4,526 after taking thier full security depo...
I purchased my first duplex in Plymouth PA December of 2022 via FHA financing as a house hack. It is an old home built in the 20s and we have some sloping and sagging floors that were reported in our initial inspectio...
I have heard this question on the BP podcasts a few times now and it always made me think. "Pay off debt or work around it"? Then the answer would come,"It depends on the person".
I would quickly think about...
Hello BPers, I'm closing on my first MFP the end of the month which is a 10 unit in Cincinnati. My question for y'all is more suggestion based or what would y'all do and what your ideas may be. I plan on updating ...
Quick question:
Doing a short sale:
A 2nd lender has charged off the mortgage on a subordinate lien position. Does that release the lien?
Thanks