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Would like some feedback from lenders for a tough situation here in California.Background: 1) Flipper borrowed $ from HML (1st position)2) We provided gap funding (2nd position), terms are to be paid upon sale3) Flipp...
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I am familiar with how an assumption works. How is a “Wrap” and “Subject too” different?
Thanks!
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We purchased a property from the courthouse steps 3 years ago. Our understanding was this process cleared all liens on the property. But now we're being asked to pay delinquent bills from the former owner to the HOA. ...
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I am interested in a property that is going through pre-foreclosure for the past year... Here are the FACTS:
1. Property was purchased in 2006 for 450k.
2. The owner took 3 mortgages: 1st - 350k, 2nd 100k, and 3rd...
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Myself and two friends formed an LLC to acquire properties. We would like to take advantage of Fannie/Freddie loans, so we plan to have one person purchase individually and transfer title to LLC, which I understand is...
Hello BP, I am a college student that is about to start my junior year of college and I am just now moving off to a college town (Auburn, AL woot woot) this year. My first two years of college were spent at the local ...
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Is there a specific site I could go to to see pre-foreclosed homes? What is the best place to look?
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Hi,
I was just wondering how many investors use Pre-Paid Legal Services in their REI businesses. Other than receiving referrals, do you suggest any particular ways to find great lawyers who are knowledgeable about re...
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When developing my list for leads to be sent out and I get down to criteria, how much equity am I looking for the better deals to have in their homes that I will be trying to wholesale? As well, are pre-foreclosures i...
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Hello my name is Tracy Ramirez. I am married and have four beautiful babies. I’m a journalist and a junior at Lamar University. My major is communication-broadcasting with a minor in general business. I hope to get my...