John Stewson
Facing USDA foreclosure
Long story short, my first home was a huge mistake, I was laid off just prior to my first payment being due, and I would like to get out of the house. It's a USDA loan, it's been transferred from BOA to Carrington Mor...
Kyle A. Isaacs
Fire Damage - Complete Loss
Good morning BP'ers -This past Thursday, we received a phone call from previous neighbors that our rental in Florida was on fire. To calm fears upfront and most importantly, everyone is okay, but the unofficial story...
Gary Li
About Insured name on Rental Property Insurance Policy
I Just bought a Rental Property under my personal name, and I also bought the Rental Property Insurance, and found the policy shows the insured name is the Property Management Company name. I checked the Insurance age...
Tim Milosich
New Member from Colorado
Good day, everyone.I currently have a couple of rental properties but have been reluctant to expand my real estate holdings. Nerves mainly, but as of February 29th, I was laid off from my primary job and since, have ...
Dylan Burnett
What's the best mortgage length you all do?
A teacher I used to have has 38 properties and all 10/15 year mortgages which all have break even cash flow which in turn lowers his taxes from his full time job. After the 10/15 years he refinances and pulls out as ...
Logan M.
21.2% annual cash on cash return and can't find financing
About a year ago I finished an expansion of a mobile home park I own. The city required us to bring in all new homes in the new spaces.
I have had a very difficult time figuring out financing for the empty spaces. I ...
Jack B.
Sell and reinvest before major CapEx? What about transaction fees
Is it best to sell some of my houses next year and reinvest via 1031 exchange into a more expensive property in an effort to avoid capex and as a side benefit, increase appreciation potential? Or perhaps reinvest in ...
Matthew Hell
Named additional insured on a non performing note
Hey there, we bought a note for about 8000.00, non performing, and have not had success with contacting the borrower. We need to be included on his insurance policy for the property.How does one contact the homes ins...
Aaron Vergason
Quick Sale Less Profit OR Owner Finance More Upside Long Term?
I rarely open the auto forward emails I get from MLS criteria I setup with RE brokers. Opened this one on Tuesday and saw a house for sale, built in 1997, 5 Acres partially zoned agricultural, 3 bed, 2 Bath, New Pool...
Brandon Eleazer
Best Strategy: Seller owns free and clear
I received a potential lead in the following situation:
Seller owns property A (free and clear)
Seller wants to sell property A to pay down principle on property B (mortgage)
Property A is in move in condition, single...