Chris Redford
How do I make sense of a Home Equity loan?
I roughly have about 150k-175k in equity on my duplex that I owner occupy. I have talked to a few loan agents and can't make sense of how an equity loan would help. My initial duplex loan would go up (because they wou...
Account Closed
I made a huge mistake
To preface this story, I am in California. You can yell at me if you want, but I know what I did was wrong. I am more looking for advice than an actual scolding. I will never wholesale again and i gave wholesalers a b...
Mandy Telleria
Hello! Newbie from Vegas.
I'm a newbie to BP. I signed up couple days and am excited to jump in right away, but I know better. So I'm currently absorbing as much information as possible and am work on putting together a strategy. In the las...
Christopher Perez
Real Estate & Lending Go Hand and Hand..same language not so much
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
Charles Player
Can a portfolio loan help me?
I own a house and I have one rental. I'm looking for a second rental. Will a bank give me a portfolio loan to buy a house? I'm looking at houses in the $80000 range and lower. Credit is like a 720. Can any banking pro...
Jean G.
How much to bid on commercial NPNs (past maturity)
Hello, I have been seeing increasing opportunities recently to bid on non performing notes on commercial properties that banks are trying to offload.These notes usually have the following characteristics:The note has ...
Kevin Kaczmarek
Calling Scripts
Does anyone know a great source for phone calling scripts for various aspects of real estate? I just brought a few people on board who will be handling qualified leads and am looking for "Subject-To", "Seller Financin...
Carol Venolia
how do you deal with tenant dog poop?
Howdy,I'm happy to allow approved pets in my rental properties, and it's all been fine until lately...I use a Pet Agreement form offered by Leigh Robinson, in his (wonderful) book, Landlording. It includes the clause ...
Danielle Prendergast
Seller doesn't want to short sale anymore rather foreclose
Hi BP,
I've had a short sale under contract pending bank approval for 8 months now only to get an email from the sellers agent this morning saying that the seller is frustrated with the wait and just wants to walk aw...
Anthony Liberatore
Here is my situation... where do I go from here?
I am 17 years old, I have no debt, and I live rent free with my parents. I have $10,500 to my name and want to invest it and put my money to work; however, I don't mind spending a few dollars on a reliable course or t...