Account Closed
Foreclosure Investing
I was wondering if anyone has ever done this? Meet with a Seller in foreclosure who is about 6 months behind on their payments. Assume he has adequate equity so that you will not need to try a short sale. Make a deal ...
Michael Puwal
What doc. does bank need to prove I have a mortgage with them?
A friend was being foreclosed on, the bank was missing a document, they got to keep the house for free. Is that the "note" that proves someone has a mortgage?
Juan Figueroa
short sales FAQ for new investors or anyone in general.
Q: If the property is In pre-foreclosure is it a short sale?(Agent & Investor)
A: Not necessarily in order for a short sale, seller needs to owe more than the property is worth and HAVE A FINANCIAL HARDSHIP.
Q:D...
Keith Miller
Best use of OPM for Buy and Hold? What do you think?
Hello All,I'm an investor in Missoula Montana, and am trying to figure out the best use of OPM for expanding my buy and hold portfolio. Both of my deals have both dealt with "backyard development", first I converted a...
Seth M. Jones
Asset Allocation Discussion (Real Estate/Cash/Stocks & Bonds)
There are many schools of thought out there regarding asset allocation... There are hardcore Real Estate Investors that will only invest in Real Estate and hold cash reserves, and there is a substantial part of the FI...
Melanie Jones
Multiple mortgages and Credit
So I’m coming close to buying my first property. I currently have excellent credit( greater than 750) and I’m concerned if having multiple mortgages will hurt my personal credit and my ability to continue to borrow. I...
Ryan Daigle
How are increased reserve requirements affecting returns?
With the new reserve requirements of 12-18 months for Fannie/Freddie loans, how is this affecting your projected returns? That's a lot of capital you have to account for that's not getting a return.Can you plan to ret...
Eric Aultz
First Deal Need Some Help
Well I am new to real estate and have been learning everything I can for the last month, I ran into a GREAT deal and I'm trying to get some advice on what to do. My best friend owns a construction business so rehabbi...
Rory Korpela
Partnering on real estate development
We build single family homes, either for spec or for specific clients. An opportunity has arisen whereby we could acquire upwards of 52 lots (mix of townhome and SFR) from a local municipality. These lots are in an ...
Michael Koncaba
Cash purchase to FSBO
Heres a hypothetical,If you offer to buy a FSBO with cash at a deep discount and they accept your offer, is there anything stopping you from turning around and selling at market? Now heres my situation,I may be able t...