Ava Nova
Is it possible to close in 10 days?
Hi everyone,I'm interested in a property from a wholesaler. He wants to do double closing on August 15 or earlier. It's a cash deal, in PA. Is it possible? Is it legit? EMD is $10000. "Assignee must make Settlement o...
Ben Schembri
possible strategy for financing
Hello everyone,
I have read posts on here for about a year on and off. I am seeking any advice you may have for what I am trying to do, which is purchase either 3 small houses or a triplex in the Sacrameno area.
I ...
Jerome Harrison
Having to resubmit short sale
After submitting all paperwork requested by the bank. My agent called my partner today stating that the short sale had been denied and we have to resubmit all paperwork. The original owner of the property filed for...
Account Closed
What is a blanket loan?
Hello BP, my father owns a few houses and is looking to purchase another. Recently, I was listening to BP podcast and one of the guest mentioned a blanket loan. Is this a tool that we may be able to use to be able to ...
Fritzner Paul
any experience with a Correspondent lender?
Hello all!!
I am a new investor in Orlando, FL
I have been looking around at lenders to see what i might be able to get preapproved for and after speaking to an agent i was referred to a lender whom after speaking t...
Kevin Noesner
Pros and cons of 469(c)(7)(A) election
It's that time of year again when I'm trying to figure out if I should aggregate all my rental properties into a single activity with the 469(c)(7)(A) election. I'm aware that it removes the $25k deduction cap, so th...
Richard Warren
Not So Fast On The Toxic Assets Plan
The stock market was absolutely giddy after the release of the Obama administration’s plan for toxic assets. However, not everyone is drinking the Kool Aid. Paul Krugman, the Nobel Prize winning NY Times columnist...
Sherry W.
Title Insurance has payoff of Fed Tax Lein as a requirement AND exception..
Hi--I've been trying to close for months on a foreclosure. Got the titlework today from ServiceLink/Chicago Title, and have a question for you experts (I'm supposed to close tomorrow). The previous owner has a 22K t...
Joseph D.
Questions for 1st Commercial Deal
I own several SFRs and am looking at my first commercial deal. It's a small (6,000 SF) space with an auto repair shop. Tenant has been there for about a year, $200k asking price, $3k/mo rent.What questions should I ...
Ken T.
exchange of services
I'm a firm believer in mutually beneficial relationships, I own a video production company in NYC and I've been debating using my company and skills to offer realtors production services in exchange for good REO/shor...