Abdul Azeez
Question on contract
When under contract on a property as a seller in Memphis, TN and the contract has a special stipulation saying "Buyer will pay $x over appraised value if property doesn't appraise for the offer amount" and the apprais...
Syed Firoz
Tenant filed chapt13. What are the steps to remove from chap13?
I have a tenant (husband) who filed chapter13 and never told me about and he was paying his rent as usual with late fee. When I served noticed with demand-letter, his lawyer then sent me letter that they added me in c...
Yogesh Bhadane
Big hit for investment mortgages
I am seeing significant increase in investment loan interest rates due to recent announcement from Fannie Mae.They are limiting investment loans intake and Lenders are asking significant down payment like 25% with 4.6...
Crystal W.
Earnest Money Dispute
Hi, All. We are currently in an Earnest Money dispute. We were set to close on a vacation/investment property and at the 12th hour (literally 2 weeks prior to us thinking we were to close), our lender said the prope...
Dan Schnurbusch
Dan, New Investor in St. Louis, MO
Hello BiggerPockets folks,Although I originally created my profile a while back, I never got serious about real estate investing until quite recently. After obtaining my law degree from the University of Missouri, Col...
Cyle Harris
First house under contract
Hey everyone! After months of research and marketing for deals, I finally placed my first house under contract. The house was beautiful and needed little work so I took a chance even though their weren't any comps wit...
Brendan Lawrence
Subject To Financing, In Order to Attain "Equity" For Hard Money
Hey everyone,I understand how "Subject To..." financing works....or at least the gist of it. My question is, say I find a house that appraises currently at $200k, but I sign a subject to contract for the remaining $1...
Neel Patel
Tips On Closing On Multifamily Deal
Hey everyone, I got my first multi-family deal by called calling the owner and need some tips on how to negotiate the deal. The owner is currently asking $1000000($83333 per unit) for 12 units brick apartment in a rur...
Austin Steed
When do you buy property?
When is your favorite time of year to buy property? In Columbus, OH I try to buy in the "off" season or when it's so cold that nobody wants to move. From the Columbus MLS there's significant data of a cyclical trend w...
Account Closed
Should I ask the seller to Refinance?
When you do a subject to and the seller has equity and he is willing to do a subject to BUT he wants his equity.. what do you do? Do you ask him to refinance to pull out his equity and then you take over his payments?...