Ralph Dicharry
Flooded Houses in Louisiana
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...
Account Closed
Finding a tenant seems like pooling teeth
Hey everyone. So I've had my condo listed online for a week, and out of all the people who've come in, I only have 1 potential tenant, but he hasn't submitted the application yet. Essentially, 80% of the inquiries n...
Matt A
Deficiency judgement after a short sale
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...
Linda L.
What you should be concerned as 1st lien holder if there's 2nd loan?
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...
Karen Polis
Salvaging bad flip (defaulted loan/taxes overdue)
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...
Erik Lindquist
Over priced market
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...
Nicole R.
Defendants Filing Bankruptcy to Stall Sheriff Sale Confirmation
Hello BP Members,I recently bid on and "won" a property at an auction that occurred this past early March. Prior to bidding, I did my due diligence and felt comfortable bidding (i.e. ensuring it was a 1st mortgage, t...
Zach Simpson
Why Would You Do A Month To Month Lease?
Hey everyone!My wife and I are very young (both 21) and we have our first baby due in October. To make a long story short: I am wanting to get a headstart on real estate investing. As of now, I am really thinking it i...
David Hodge
Helping mother-in-law find cashflow
My mother-in-law recently sold her primary residence and downsized since the kids are all moved out. She's looking for something that would provide her with good cash flow as she is very close to retiring. She doesn...
Bret Weigel
Attic Insulation on Rental - Install or not?
Hi all, I had some tenants move in last month to a 3/2 SFR (I just closed on the property a month prior) and I really like them a lot. Good people. Anyways, the first day in, we realized the hot water heater needed re...