Hi all, Here's a highly simplified hypothetical situation. Let's say I buy a 1st NPN for 20k with an UPB of 100k and it's the only lien on the house. What's stopping me from forgiving the debt and paying the owner say...
Hello,Any advice will help. I am a homeowner in Michigan who currently resides in my single family dwelling. This is the only property that I currently own. I have terrible credit. Also, I am currently self-employed w...
Hi,I am owning a nice house currently worth 600K (clean from any mortgage or debt) and finally understood that sitting on this kind of asset is just a monthly waste of money.As I am completely new to the real estate i...
Hi Everyone,Long story short, I have a property that is on a downhill slump right now. Over the last 7 years the property owner has gone from have a property manager full-time, to part-time, to none at all. The owner'...
Hey Everyone,Curious to hear the most creative ways you've pieced together funding for commercial apts. I am looking for commercial properties and since purchase prices can very significantly from property to propert...
Hello,I am an engineer in the Houston area that is learning about real estate investing. I have always like the idea of investing and it was part of my 10 year plan out of college. Well the 10 years are almost up and...
Hey guy, I know that it is possible to get loans in both your wife and husband's name seperately as long as you both qualify for a property on your income alone but does anyone know the exact procedure to do this o...
Hey all!
So with the refinance part after the rehab, here's my question:
Do you go to the bank beforehand to somehow pre-qualify? My brain is concerned I might buy a property, do the work, then go to lenderss and ge...
I had a very interesting conversation with a potential buyer for one of my listings. This buyer’s rep talked about how most of the deals in his hometown (NY) are at a minimum of 8% cap rate and how the one I have list...
Hello all!Been lurking and reading here...ordered a couple of books to get started on educating myself. My plan to jump into RE investing is a few years out...but I'm excited to start learning and making a plan!Cheers!