Robert Nason
Messy Children using common areas as a play ground
I have recently purchased a 12 family apartment building in Lowell Massachusetts. The previous owners were very lax in their policies and procedures and have let people run the building how they see fit. One of my mai...
Ash Ca
My bank is trying to change the loan! Need advice
Hi! I was approved for FHA, the seller liked our offer because it was clean but asked us to change to conventional. We changed loan to conventional and the offer was accepted/ purchase agreement signed. My bank is now...
Skylar Howard
Does anyone have any tips on getting the banks to take less?
I am getting frustrated with the banks. They must not be bleeding as bad as the nightly news claims.... They ask for a good packet, I give them a great packet. They schedule the BPO, I'm there everytime to influence: ...
Owen Dashner
Not a Great Buy = $5K Profit
We don't buy MLS deals all that often, but we decided to buy this deal because of the great subdivision it was located in. This was a District 66 ranch in Omaha, and it was listed on the MLS for $150,000, which was u...
Tony S.
Reverse mortgage in pre-foreclosure
Deceased owners had a reverse mortgage,daughter is the the trustee and POA,we submitted a purchase offer to the bank,haven’t heard anything from bank. I heard if reverse mortgage was backed by fha they will step in to...
Ronald Erwin
buying off MLS, multifamily home prices
hello everyone!
I have bin seeing alot of multifamily homes that are priced according to the market in the area, makes sense, but they say the property is cash flowing. I can see how it is for them but at the current...
Tony Wang
Should I collect first & last Month Rent?
Hello,I'm bit of a newbie. So, please excuse me for not quite knowledgeable for I'm here to seek advise. I've a couple of rooms to rent in our home on a month-to-month rental lease in S. California. Rent per goes fo...
Alex Hymanson
Question on Assumable Loans / Creative Financing
Hi all - Wondering about a creative financing situation..hope someone can help!I've come across a potential deal with an assumable FHA loan at ~3% interest rate on a $600k property. There's about $350k left on the lo...
Sam Leon
Tenant wants to break lease and has a friend to inherit lease...
So I got a phone call from a tenant who is six months into a one year lease, she is moving in with a boy friend.Lease has an early termination fee of two month's rent. I am holding a security deposit and last month's...
Donovan R.
FHA Requesting 100% of BPO?
I have been working on an FHA Wells Fargo short sale. Aprox. 130k owed, BPO came in at 55k which I thought would be perfect assuming I could get it at 88% of the appraisal. I have made three offers 42,46, & 50k....