So my father has a client who's is filing BK in Los Angeles, however they have a 4 bed 2 bath home and owe 192k to first lender and 110k to the second= 302k total owed. Comps show that the market value of the prope...
Do I need to tell every applicant why they're denied? Thus far I just tell applicants that don't get chosen something along the lines of "Thank you for applying, however, we have decided to move forward with a differe...
Scenario: 2nd lien bank foreclosure auction ~ $50k judgement/fee/interests. Winning Bid at auction $100k. 1st lien owed $150k (not in foreclosure yet)
My question: Does any winning bid over the 2nd lien credit b...
Hello All,An absolute newbie here! I have a partner who has created an LLC in Nevada for flipping houses as they were advised it was best. Ive done a little research and looks like it is more beneficial to create an L...
My brother is a pretty successful local attorney here in DFW. Obviously he has to be mindful of client information, but how can I leverage him to help me generate leads? Especially those that are going through a divor...
We just purchased a house recently, and we are in the process of screening. Once stepping into the rental world, we found that it is quite hard to find someone who doesn't have credit history.
One person is willing t...
Ive been working a deal on a FSBO for months. I was purchasing a house in need of repairs for $10k under appraisal value. Most houses in the area are going for over appraisal. The underwriter requested several costly ...
I am new to the Subject To strategy and have been attempting to gather as much information as possible. Most of it seems pretty positive but I was warned that a property that I purchased could be seized by a court if...
I'm located in the Youngstown, OH area and I've been purchasing properties under $30k to rehab and hold for cash flow. There's enough ARV to satisfy the acquisition and rehab cost but been having issues in finding le...
I'm looking for a little help with my next potential deal. Here's the numbers. Purchase price will be $60k with an ARV of $115k. Rehab costs will run $20-$25k. I currently have a HELOC for $33k on my former primar...