I'm searching for a program, possibly a government backed/grant program that would loan money to purchase and rehab a property with a portion of debt forgiveness in order to make it profitable for the rehabber yet ...
Have bought and sold 2 properties, Took back 0% interest mortgages for 2 year term on each.Both bought at $150,000 each and sold privately for $177,900 each Payments $1,000 per month with an option to buy them back ...
Hey all! I just got a very warm lead that is in quite the predicament. I'm very familiar with every aspect of real estate - except short sales. I have someone that currently owes 3M on a house that can only be sold fo...
Hello all. So I am trying out this preforclosure venture. Done a lot of research. Found all the listings in my area and have written each of them. Here is the first letter I wrote. I got about 5% response rate so far ...
Hello all. So I am trying out this preforclosure venture. Done a lot of research. Found all the listings in my area and have written each of them. Here is the first letter I wrote. I got about 5% response rate so far ...
http://www.washingtontimes.com/news/2010/feb/25/bernanke-delivers-warning-on-us-debt/
With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States coul...
Just posted a blog with this title. You can see it here: https://www.biggerpockets.com/blogs/7697/49098-how...It discusses using the Hardest Hit Fund if you have a non-performing note in one of 18 states or the Distri...
If a seller of a vacant (and run down) property get's debt forgiveness in a short sale, are they liable tax wise (to the IRS) for the forgiven debt if the house was a rental at the time of purchase?
How about it was ...
We will be walking away from our property in Arizona that is under water by at least $50K. I don't think it will ever recover.We bought in 2005 (of course at the peak of the RE boom) using an 80/20. The 20 went all t...
Ok so let's say I buy a a non-performing note for 30 cents on the dollar and I know that the area is someplace relatively depressed like say Detroit.Let's say that the balance was $30k and the property is worth half t...