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How does the equity from the pre foreclosure work in the deal? When I learn how to wholesale it was for free and clear homes or doing subject 2 for mortgage.
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Hi All,I'm new to notes and have been reading a ton. I wanted to get an idea on what the process looks like for you guys after you have purchased a note. What are your action steps?Day 1:1. Force insurance if one is n...
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Got a call today from a lady as a result of a yellow letter. When talking to her she mentioned she has little to no equity. But then when I asked what she owed she pulled out her mortgage statement and tells me that i...
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I live in MA and I want to buy some houses in hud foreclosure but I don’t know what action to take?
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I currently use Tenant Cloud, but they just announced fees for all ACH transactions. I was thinking about leaving anyway due to the amount of manual entry that must occur, but this helped push me over the edge. I woul...
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I have two lots recorded under one deed and financed under one mortgage. Lot #9 has my home, and lot #10 (my back yard) is empty. I want to build a second home on the empty lot as a rent house. I am looking to refinan...
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I just put a house under option for 14 days. I have buyers in mind, but after speaking to the first one he gave an indication that my deal was more inside a rental market and people probably wouldnt want to sink that...
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We wholesale 40+ houses a year, most of them we double close on since they are bank owned and can't be assigned. Ohio, if your volume is over 1,000,000 in sales you pay CAT (commercial activity tax). You don't have to...
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Hello Everyone! I want to start out wholesaling but I understand the negative perception it comes with. However I want to do wholesaling in an honest way, so I have a few questions and statements that I need advice on...
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Hello,I've been hearing this term thrown around pretty frequently--"Investor Friendly firm". I see local agencies and big name firms claim "we are investor friendly". However, when I speak with the managing broker o...