I want to begin underwriting commercial properties and have a good prospect in a 8-unit. The only information I have is limited MLS and county information. I would like to ask the seller for some more information. Wha...

I am not a fan of the 2% rule, although I will say I think rent/cost is my favorite calculation. We usually determine what type of rent/cost we can accept in any given area and go from there. According to Gary Keller,...

Hello,I'm a new member of the forum, and I do have an issue with my HOA that I'd like to discuss. In this situation, I'm a homeowner, and I currently owe several years of HOA dues to the association. For various reaso...

Hi Guys ~ I have a property under contract, that will be my first wholesale deal, barring any disasters. The house is an extreme hoarder house. The heirs inherited the property. One of the siblings had lived in it for...

Hi BP familyLiving in Louisiana I'm beginning to receive calls about people wanting to get rid of their flooded houses from the 2016 flood.  I have never thought about flooded properties before so I decided to reach o...

I am living in a market (Marin county cali) where everything is going for well over asking, some of them 200k over! I am a newbie and it does not make sense to even start here when everything is over priced. There are...

Hello CTC,

I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...

Property appraisal value: 265K

Borrower's down payment: 79K

You 1st trust deed: 132K

Seller: 2nd trust deed: 70K

Two year balloon

In addition to the high combined loan to value, what e...

Seeking ADVICE / Property is in Norristown, PAI lent money to somebody (a land trust) for a fix and flip. Unfortunately, I did not do my homework beforehand, otherwise I would have realized there are 4 other investors...