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My #1 suggestion is to "GET LIQUID/STACK CASH" and be ready to make offers
#2 Get intimately familiar with Loan Assumptions/Mortgage Wraps
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I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...
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I have a tenant candidate who has evictionS on his record. Currently he doesn't work and gets unemployment, is a student and his fiance who is the only one working. Two kids. He showed proof that he can pay 1 year.Wha...
I'm new so maybe you just need to point me somewhere, but here's my question: How do you get the Lender to take the Property!! It's been 20 months since our previous renters left it needing extensive cosmetic repair...
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I hold the note. Borrower cant refi cause of credit. What are options to renew, foreclose or deed in lieu of foreclosure, etc?
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I posted a few weeks ago about doing a Sub2 offer on a duplex in trouble.Rather than throwing offers back and forth and guessing who were the real decision makers, I asked to sit face-to-face with the listing agent. H...
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Hello! I'm in the process of signing a contract for a multi-family in Houston. The property has 24 unit. I've been given 2 quotes from solid lawyers. 1) $3,500 flat-fee: Includes review of PSA, title and survey work, ...
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Long time lurker, first time poster. Struggled with what part of the forum to place this in, please feel free to relocate.I've had a rental for a number of years, bought it in 09' as a primary residence and converted ...
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Ok, so I've been debating this all day and I need some help from the community.I have a married couple who want to rent one of my units and they seem very nice, but they have a checkered past with Credit.Here is the s...
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We bought a home in Pasadena from a wholesaler with the intention of doing a fix and flip. They had a contract with the 83 year-old seller saying she could stay in the property for 15 days after COE, to which we also ...