Tom Chen
This is wrong and sets a BAD precedent against investors...
Couple that buys street through tax defaults, are being discriminated against.
Rich Hupper
Possible Sub 2 Deal? Can someone advise?
HelloI found a homeowner who bought a 2 family back in 2003 for 225,000. Due to poor management on their end they have defaulted on two mortgages.I believe both of the mortgage debts combined equal roughly 215,000. AR...
Account Closed
Max Closing Costs Allowed to be Paid by Seller
Hi all -The mortgage agent who approved me for a conventional mortgage and agreed to have the the mortgage underwritten (he is not the actual underwriter) for a close next week on a rental property just came back to m...
Mark Gruetzmacher
IRS Liens and Selling a House
Here is the situation. Dad passed away and there is an IRS Lien on his name. He owed a house that is worth 30-50K maybe. Lien is in the upper 20k range. The lien has been on file since 2103 so in 2023 the lien is ...
Anthony Newbold
EVICTION FINALLY for Horrible Renters
Hello All, been a member of BP for quite some time now, but rarely participate. However, need some folks to chime in on this one. Have a renter, attempted eviction last year (6 months arrears), court ordered tax che...
Mark Forest
Capitalize or expense
I have brought this up on other boards, but I still am not sure of the answer. I am a landlord who has acquired some fix up properties which I will lease to tenants. I have not yet made any of the houses rent ready....
Azah Che
Owner Finance... I am confused Help Please!
hello BP community. This property has been brought to my attention and I am a little confused on how its going to work out. There is a lon of 135k on this property and they want me to bring 12k to the closing table. T...
Brittany Oberlin
Set to Close - Then Home Went to Foreclosure
Hi All, My husband and I were under contract on a Virginia home -inspection, appraisal, financing all ready to purchase- then found out that the seller's mortgages + judgments came to more than our purchase price of $...
John Podpora
Subject To opportunity
Need some advice about whether I should proceed with a deal that would by my first Sub to. Property: 3br 1 ba 1050sf in Portland OR valued at ~$260k.Loan: principal balance ~$199k @4% with PITI= $983 per month.Amount ...
Dominic Mauro
Seller Received Notice of Acceleration - Not Sure of Next Steps
Hi all, long story short, working with a seller on and off for a couple of months. She kind of ghosted and then popped back up when she received this letter re her property. This is in Texas, FYI.
The amount owed (...