Sergio Rios
how do i buy my own house? sounds funny,right?
While I was house hunting my dad bought a house he intended to rent but we liked it so we moved in.he paid $100k with a 20k down payment that left me with an 80k mortgage balance.The house was a foreclosure and is now...
Evelyne Ling
Junior Lender Foreclosure questions
Hi everyone,
I'm a junior lender on a property, and my attorney is advising me to buy out the first lender so that I can foreclose on the property myself. The sale proceeds likely won't fully cover my loan.
I have a...
Greg Rutkowski
May need to become a Landlord...
Hello to all,I'm currently an owner/occupant, but issue have come up that may force me to leave California for some time. I have been in my house for 1 year this month (Aug. 2016).I have tried use the calculators on h...
Corie Carpentier
First Deal Negotation Advice
Hi, I am trying to secure our first property. We have looked at several and put in offers on two. We are currently in negotiation with one deal. The house is 2306sq/ft blt in 1975. its in good shape, but could use upd...
Bo Kim
HELOC - Andrews Federal Credit Union
*Reposting on the Maryland forum*Hi all,I am looking to get a HELOC on my primary to expand my rental portfolio and I came across Andrews Federal Credit Union with the following terms (property is in CA):The contact s...
Anita Ahuja
Lending money for interest paid
Hi fellow BPers. I’m in search of some advice: I agreed to lend 50k to a fellow investor/flipper in exchange for 10% interest, min of 3 mo, max 6 mo. I have a lien on one of their properties (worth 175k) until I get p...
Dave Currence
Help deciphering this example?
Hi Everyone! If any of you have the time, would you mind looking at he below cut and paste from a Property that is currently on AuctiondotCom. This is from the "title information" that is listed on Auctiondotcom's si...
Drake Shadwell
Down Payment VS Mortgage - Which partner gets what equity?
Hey everyone,I'm considering going into a deal with a friend where I provide the full down payment and they secure and pay the full mortgage. What equity split for that would you think is fair? I know the cash up fron...
Paul Stern
How to handle rebate for an asset received a year later
I had a new hvac system installed in 2014. I depreciated a portion of the asset according to MACRS. Now, in 2015 I received a rebate for the HVAC system. Any thoughts on how to handle this in my books and tax wise? Th...
Christine Sykes
Time to sell my Seattle rental?
My tenant has given notice to vacate my property in West Seattle, and I am wondering if I should consider selling.Some things to consider: * My house is old and needs work, and I can't afford it unless I can come up w...