Michael Campbell
Quiet Title
Hello all!
I was recently contacted by an absentee owner that responded to a yellow letter that I had sent. She said that she wants to sell her home but that the house has an egregious amount of liens that the prior o...
Sean Dougherty
Negotioating second lien on a shortsale
Thanks ahead of time for any pointers or advice. I am in contract on a short sale. Junior lien came up in title report. Ditech is 2nd lien holder. SPS is senior. Seller has already qualified for short sale with SPS. N...
Justin Juhan
Inherited Tenant 1 Month Behind
We inherited a tenant who was one month behind (September), we gave 60 days notice immediately after closing (October). They were late on the next months (November). Now they are moving out at about 45 days and reques...
Account Closed
Using Business Credit for Proof of Funds for Hard Money Loan
Hello, I'm currently going through the process of attempting to open 0% business credit cards to hopefully potentially use as the downpayment to qualify for a hard money loan, to then use that hard money loan to purch...
Jeff Takle
Using a Solo 401(k) to protect real estate profits
Would be interested to hear if anyone has more/better/different information on this issue:
I just set up an Individual 401(k) for my consulting company, which is a single-member LLC. I'm wondering if this might also ...
Matt Kautz
Standard Interest Rate On Seller Financing
I recently (within the last 3 months) bought a house that was established as my primary residence, and locked in a 2.75% 30 year fixed on it. I’ve found another, significantly more expensive, property that I’d like to...
Frank Costa
HELOC and the BRRRR method
Is a HELOC a viable option to buy a SFH with the intent of using the BRRRR method? Unfortunately ready cash is not available but I have plenty of equity in my primary residence. That said my HELOC limit would enable m...
Brian Pyle
Trouble Locating Current Holder of 2nd Mortgage
I am the note owner on a NP 1st mortgage on a property in Alabama. The property owner has moved out and has agreed to enter into a DIL agreement. There is a NP 2nd mortgage on the property that I would like to eithe...
Zachary Harris
Lease Options? Wholesaling?
I've heard a great deal about lease options and wholesaling. I understand the gist of each method. Lease options are pretty much rent to own correct? Why would a seller choose that option rather than getting their ...
Ugochukwu Opara
Triplex in West Philly | Ugochukwu Opara, Realtor
Investment Info:
Small multi-family (2-4 units) hard money loan investment in Philadelphia.
Purchase price: $80,000
Cash invested: $80,000
Triplex in West Philly
What made you interested in...