Mary Jay
Subject 2- does this deal worth it?
Hi guys,Will you please help me out? I have been thinking of doing this deal but not sure if I should do a subject 2 or how to structure it.Seller owes 35K to mortgage. Rents are 1.7K (owner pays heat, water/sewer/tra...
Renee Cato
Subject to vs Contract for Deed
Subject to vs Contract for Deed: under what circumstance would you use one method over the other in structuring your deal?
E. Jacobs
1 or 2 page purchase contract
I've tried doing searches for some contracts people use to do their wholesaling deals but I haven't really come up with anything. I was wondering if anyone wouldn't mind letting me see their 1 or 2 page purchase contr...
Benjamin Cowles
Why does it matter if a preforeclosure is "under water"?
When qualifying a property, why does it matter how much it is under water if the bank will still only be able to get the highest bid at auction? Isn't the bank just as likely to accept a short sale vs going through a ...
Elaine Griffin
Help - Our Inherited Note is going to Sheriff Sale - what happens?
A few years ago we inherited some rentals & a few notes. One of the notes was in the foreclosure process. It is now scheduled to go to sheriff sale in a couple of weeks. The balance owed is around $100,000. We wan...
Olga Zelenko
LLC California Franchise Tax
I just discovered that if I live in California and I have an LLC (in or out of state) I will be required to pay Franchise Tax in California (annually 800$) for each LLC.My first plan was to create for each property it...
Ann Baker
Rent increases in an area that is NOT rent controlled
I'm reading contradicting info on rent increases for a property that's NOT in a rent controlled area.
If increasing rent less than 10%, do we need a 30 day or 60 day notice for tenants who have been there over 1 year...
Paul Z.
Condo Conversion Insight
Whose done it? What kind of "general process" took place? Who has insight. I'm considering a condo conversion on a 24 unit property in the western suburbs. Drop a comment in here if you've done it before and I'll mess...
Jean Norton
Can we talk about House Bill 87 (Florida) from an Investor's Viewpoint?
What was 5 years to collect is now 1 year. Does that include the statute of limitations for foreclosure filings? See this LINK about a foreclosure missed the 5 year deadline. Is this now 1 year?
Does this ...
Dean Hamilton
Appraisals - What do I need to know, focus on, and Accuracy
Hi BP Community! I am new to REI and RE in general. In fact I'm pretty new to BP as well and this is my first "official" post. Anyway, I have a question on appraisals. I have a friend who just bought a home and so...